Agrani Annual Report 2021

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2021
Annual Report
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LETTER OF TRANSMITTAL
All shareholders
Registrar of Joint Stock Companies & Firms
Securities and Exchange Commission
Bangladesh Bank, Dhaka.
Subject: Annual Report for the year ended on 31 December, 2021.
Dear Sir(s):
We are pleased to enclose a copy of the Annual Report 2021

that contains the Audited Financial Statements of Agrani Bank
Limited and its six Subsidiaries i.e. Agrani Equity &
Investment Limited, Agrani SME Financing Company Limited,
Agrani Exchange House Private Limited, Singapore, Agrani
Remittance House Sdn. Bhd., Malaysia, Agrani Remittance
House Canada Inc. and Agrani Exchange Company (Australia)
Pty. Limited for your kind information and satisfaction.
Respectfully,
Mohammad Shams-Ul Islam

Managing Director & CEO
2021
Annual Report
NOTICE
Annual General Meeting
Notice is hereby given to all the shareholders of Agrani Bank Limited that
the 15th Annual General Meeting of the Company will be held on 28th June,
2022 at 2.30 pm at Board Room of Agrani Bank Limited, Head office,
Dhaka to transact the following business and adopt necessary resolutions:
Agenda
i) To apprise the minutes of the 14th Annual General Meeting held

on 14th October 2021;
ii) To receive, consider and adopt the Audited Financial

Statements of the Bank for the year ended on 31 December,
2021, together with the Auditors’ Report and the Report of the
Directors’ thereon;
iii) To elect /re-elect Directors;
iv) To appoint Auditors for 2022 and to fix their remuneration; and
v) To transact any other related business with the permission of the

Chair.
By Order of the Board of Directors
S.M. Tauhide Rabbani

Company Secretary (Current Charge)
Dhaka
06 June, 2022
2021
Annual Report
Table Of
Contents
INTRODUCTORY
Key Performance Indicators 2021 6
6-71 About Agrani Bank Limited 7

What Our Mandate Is 8
Where We Operate 9
Vision, Mission, Motto, Core Values 10
Business Ethics 11-12
Code of Conduct 13
Strategic Objectives 14
Corporate Information 15
Corporate Organogram 16
Key Financial Indicators 17-18
Chairmen and Managing Directors 19
MANAGEMENT 72-82
Tribute to Bangabandhu DISCUSSION AND ANALYSIS
Sheikh Mujibur Rahman 20-22 Financial Highlights 73-75
Our National Pride 23-24 Comparative Analysis 76-77
Board of Directors 25 Graphical Presentation 78-79
Directors’ Profile 26-35 Segment Analysis 80-81
Shareholders’ Information 36 Future Outlook 82
Committees of the Board 37
Management Team 38-42
Awards and Accolades 43-44
Photo Gallery 45-52
Five Years Performance 53-54
INTEGRATED REPORT
Graphical Presentation 55-58
Horizontal Analysis 59-60
Vertical Analysis 61-62
Credit Rating 63
Chairman’s Message 64-65
137-188 A New Corporate Paradigm 138
Products and Services 139-140
Overview of Business Strategy 141
Managing Director and CEO 66- 71 Corporate Governance 142-155
Statement of Board Audit Committee 156-160
Internal Control and Compliance 161-166
DIRECTORS’ REPORT Risk Management 167-175
Disclosure under Basel-III 176-187
83-136
Global Economy 84-89 Economic Impact Report 188
Bangladesh Economy 90-92
Business Performance Review 93-114
Directors Report in Bangla 115-136
SUSTAINABILITY REPORT
CONTENTS
TABLE OF
189-227
Message from MD & CEO 190-191
Key Highlights 192
Sustainability Approach 193-200
Value Added Statement 201
Economic Value Added (EVA)
Statement 202-203
Green Banking 204-206
Corporate Social Responsibility (CSR) 207-210
Human Resource Management &
Development 211-215
Automation and Digitalization 216-221
Stakeholder Engagement 222-226
427-436
Sustainability Scorecard 227 AGRANI BANK NETWORK
Head Office Divisions 428
Names and Addresses of Circles 428
Name of Zones with Number of Branches 429
Corporate Branches 429
Authorised Dealer Branches 430-431
Zone wise Branches 432-435
FINANCIALS
228-379 Independent Auditors’ Report 229-236

Consolidated Balance Sheet 237
Consolidated Off Balance Sheet Items 238
Consolidated Profit and Loss Account 239
Consolidated Statement of Changes in Equity 240
Consolidated Cash Flow Statement 241
Consolidated Liquidity Statement 242
Balance Sheet (Solo) 243
Off Balance Sheet Items (Solo) 244
Profit and Loss Account (Solo) 245
Statement of Changes in Equity (Solo) 246
Cash Flow Statement (Solo) 247
Liquidity Statement (Solo) 248
Notes to the Financial Statements 249-379
ACCOUNTS OF SUBSIDIARY COMPANIES

Agrani Equity & Investment Ltd. 380-390
Agrani SME Financing Company Ltd. 391-400
380-426 Agrani Remittance House Sdn. Bhd., Malaysia 401-412

Agrani Exchange House Private Ltd., Singapore 413-421
Agrani Remittance House Canada Inc. 422-424
Agrani Exchange Company (Australia) Pty. Ltd. 425-426
2021
Annual Report
Key
Performance
Indicators 2021
Loans &
Deposit
Advances
+9.56%
2021 1,008,644 +15.11%
2020 920,655 2021 597,903
2020 519,441
Investment
+31.77%
2021 390,330
AD Ratio 2020 296,210
2021 59%
2020 56%
Assets
+9.32%
2021 1,195,009
2020 1,093,096
Non
Interest
Income Operating Cost of
Profit Fund
+23.00% 2021 6.30%
2021 8,185 (2.13)% 2020 6.75%
2020 6,655
2021 6,481
2020 6,622
Cash
Recovery
+0.46% Foreign
2021 2,190 Remittance Classified
2020 2,180 Loan
(14.53%)
2021 179,610 4.24%
2020 210,139 2021 16.70%
2020 12.46%
Export Import
38.82% 60.50%
2021 147,660 2021 399,220
2020 106,366 2020 248,738
Figures shown in million BDT
2021
Annual Report
Annual Report-2021 6
What our
mandate is
ABL provides its corporate, SME

and retail clients with a wide range
of products or services such as
extensive deposit and loan options
that include Islamic banking,
foreign currency and pension
schemes. Our offering includes
personal financial services,
business banking, commercial and
corporate banking, transaction
banking, corporate finance, capital
market activities, treasury services
and clearing services. In addition,
through our subsidiaries, we
provide asset management,
venture capital management, SME
Finance and Foreign Remittance
services.
2021
Annual Report
Where
we operate
DHAKA
Branch -206
Office -15
CHATTOGRAM
Branch -192 KHULNA
Office -10 BARISHAL
Branch -139
Office -8 Branch -62
Office -5
Branches - 962
OUR NETWORK Controlling

Offices-64
RAJSHAHI MYMENSINGH
Branch -144 Branch -92
Office -9 RANGPUR Office -7 SYLHET
Branch -66
Branch -61
Office -6
Office -4
OUR SUBSIDIARIES
Four subsidiaries in Singapore two subsidiaries
Malayasia, Canada and Australia, and in Bangladesh
9 Annual Report-2021
OUR CORPORATE
:-7-321-77-32:%09)7
13883
:-7-32
To become the best leading
state-owned commercial
:-7-32
bank of Bangladesh operating
at international level of
efficiency, quality, sound
management, excellent
customer service and strong
liquidity.
13883
To adopt and adapt modern
approaches to remain
supreme in the banking
arena of Bangladesh with
global presence.
1-77-32 13883
1-77-32
To operate ethically and
fairly within the stringent
framework set by our
regulators and to
assimilate ideas and
:%09)7
lessons from the best
practices to improve our
business policies and
procedures to the benefit
:%09)7
of our customers and We value integrity, transparency,
workforce. accountability, dignity, diversity,
growth and professionalism in
providing high quality of service
to all our customers and
stakeholders inside and outside
the country.
Business
Ethics
Business Code Human Capital

Agrani Bank Limited is committed to conducting its Agrani Bank is devoted to human capital initiative
business ethically, applying appropriate protection connecting with milestone training, performance
standards while dealing with and meeting the coaching & development, key talent management,
potential grievances of its customers. balancing of work/ life choice and human capital
development reviews.
Integrity and Fairness
By integrity ABL means truthfulness, honesty, and Health, Safety and Work Environment
trustworthiness; fairness is the attribute of being just, Agrani Bank is committed to providing effective
equitable, and impartial. Integrity and fairness relate arrangements to identify and to handle all
to the general moral qualities of decision makers. At a work-related hazards and risks and promote health at
minimum, business people are expected to comply work and continuously improve health, safety and
with all extant laws and regulations. In addition, they work environment.
should not willfully affect customers, clients,
employees, or even other competitors through Secrecy
deception, misrepresentation, or coercion. Although Clear, honest and open communication is maintained
business people often act in their own economic in Agrani Bank to ensure accountability maintaining
self-interest, ABL strongly believes that ethical standard of normal corporate privacy. The use of
business relations should be grounded on the company confidential information before it is made
corporate interest, fairness and justice. public for personal gain is strictly prohibited and is
perceived as an offence and deviance. ABL maintains
Human Significance secrecy of customer’s information; but at the same
Agrani Bank upholds the international human rights as time it complies with the provisions of ‘The Right to
outlined by the UN declaration and convention. No one Information Act-2009’.
in the Bank shall in any way cause or contribute to the
violation or circumvention of human privileges.
Business
Ethics
Protection of Personal Data The annual accounts and interim accounts shall be in
Agrani Bank’s processing of personal data shall be conformity with the law, BFRS and good accounting
subject to care and awareness, required by laws and practices. ABL strives to maintain the twin values of
regulations and relevant for information that might be accuracy and transparency in financial reporting.
sensitive, regardless of the data customers, officials or
Contest
others.
Agrani Bank is committed to staying over and above
Fraud, Theft or illegal Activities the prevailing market competition through constant
Employees shalll be alert and vigilant about waste, innovation of technology-based products and
abuse, fraud, theft or illegal activity committed within efficiency enhancement, being responsive to the
the office. If any such activity comes to the attention requirements of our customers and partners.
of an employee, the employee must immediately
Corruption and Bribery
report the same to the relevant Manager, Zonal Head,
Agrani Bank is firmly opposed to all forms of
Executive-in-Charge/GM/ GH and to the Audit Division,
corruption including bribery and malpractices. Bribery
who will arrange appropriate follow-up action. Failure
is fundamentally inconsistent with the Bank’s
to report of any such activity will be subject to due
corporate values; any direct and indirect promise of
disciplinary action.
payment which is perceived as personal advantage is
Intellectual Property totally unacceptable.
Intellectual property such as know-how, methodology,
Money Laundering
concepts and ideas are important to Agrani Bank’s
The Bank has set its priority not to become implicated,
successes in the market. Unless otherwise specified by
in any way, with individuals or firms involved in
law or orders from other public authorities, no
criminal activities and money laundering and
employee shall make disclosure of corporate secret or
employees are expected to exercise maximum
other information to unauthorized persons.
caution in this regard. Agrani Bank is firmly opposed
Nature and Environment to all forms of money laundering, and takes due steps
Agrani Bank is very much aware of the urgency of to prevent its financial transactions from being used
environmental protection, by minimizing by others to launder money.
environmental damages and by developing, promoting,
and utilizing or harvesting environment-friendly
technology.
Accounting
Agrani Bank has the highest concern for truth,
completeness and accuracy in the recording of
2021
business transactions in full compliance with
applicable Bangladesh laws & regulations, financial
reporting standards, sound accounting practices as
well as maintaining valid authorization and ensuring
complete documentation.
Annual Report
Transparency and Disclosure Ensuring the Consistancy of Records
The Bank shall deal with customers in a Internal accounting information and
continuously fair, equitable and customer records must be accurate and
professional manner. maintained with authenticity and
consistancy. Transactions must be
reflected in an accurate and timely manner.
Suitability
The Bank shall gather sufficient information
from the customer to ensure that the
Providing Candor in Dealing with
product or service meets his or
Auditors, Examiners, and Legal
her financial needs.
Counsel
All employees should be required to
respond honestly and candidly when
Awareness and Education dealing with internal auditors, independent
The Bank shall provide customers with (i) a auditors and regulators.
list of their rights and responsibilities
containing clear information on customer’s Avoiding Self-Dealings and
protection, (ii) Key Fact Statement Acceptance of Gifts or Favors
containing ample key information on the All employees are prohibited from seeking
conditions, benefits and risks of products or or accepting anything of value (including
services, as well as a comprehensive list of services, discounts or entertainment) from
the fees and charges collected by the Bank . clients, suppliers or anyone else in return for
any business (mainly granting loans), service
Confidentiality (Secrecy and Data or restricted information of the Bank.
Protection)
The Bank shall protect the customers’ Observing Applicable Laws
personal and financial information in All employees must be aware of all
compliance with Banking Secrecy Law and applicable laws and regulations.
without prejudice to Anti-Money
Laundering and Counter Financing law. Involving Internal Auditor in
Monitoring Corporate Code of
Complaints Handling Conduct or Ethics Policy
An efficient mechanism is developed ABL engages credible audit firm to
enabling customers to submit their claims monitor the operation of internal controls
and guaranteeing fair and timely follow-up against self-dealing, conflict of interests
and outcome thereof. and other violations of the Code of
Conduct, identify weaknesses, and ensure
corrective action is taken.

STRATEGIC
OBJECTIVES
SO 06
Strengthen the
Bank’s brand
recognition SO 01
Win at least 7.00 percent
SO 07 share of deposits and
Contribute to the economic 5.50 percent share of
growth and welfare of loans and advances of the
the country by providing
Bangladeshi market
Remittance service, SME and
rural credit to the doorsteps
of the people
SO 05
Make banking products SO 02
and services accessible Leave behind
and affordable to diverse industry players
segments of society to
meet their needs and
STRATEGIC in rendering
innovative &
expectations OBJECTIVES quality customer
service
SO 04
Strengthen
R & D capability SO 03
for launching Achieve technological
innovative leadership among
products for the peer group by
customers’ choosing cutting edge
satisfaction software and digital &
automated services
and solutions
2021
Annual Report
CORPORATE
PROFILE
Service Network
Branch 962
Circle Office 11
2021 Zonal Office

Corporate Branch
53
36
Authorised Dealer
(AD) Branch 43
Foreign Correspondent 335
Company Name Islami Banking Window 66
Agrani Bank Limited
Agent Banking 400
Legal Status Remittance Only Points 412
Public Limited Company
(as per the Bank
Companies Act 1991)
Registered Office
9/D Dilkusha, Dhaka 1000
Bangladesh
COMPANY INFORMATION
Date of Incorporation
17 May 2007 under
the Companies Act 1994
Commencement Date
17 May 2007
Business Identification
Number (BIN) 000000221
Tax Identification Number
(TIN) 395478266223
VAT Registration
Number 19011031730
Chairman
Dr. Zaid Bakht
Company Secretary
Khandaker Sajedul Haque
Share Capital
Authorised Capital : Tk. 2,500.00 Crore
Paid-up Capital : Tk. 2,072.29 Crore Subsidiaries
Face Value per Share : Tk. 100 Domestic
Agrani Equity & Investment Limited
Shareholding Pattern : 100 percent share Agrani SME Financing Company
owned by Government Limited-52 branches
of the Peoples’
Republic of Bangladesh Overseas
Agrani Exchange House
Credit Rating Private Limited
Rating Mode Long Term Short Term Outlook Singapore - 4 branches
Govt. Support AAA ST-1 Stable Agrani Remittance House Sdn. Bhd.
Stand Alone A+ ST-2 Stable Malaysia -6 branches
Agrani Remittance House Canada Inc.
Auditors Agrani Exchange Company
A. Qasem & Co. (Australia) Pty. Limited.
Chartered Accountants
Masih Muhith Haque & Co.

CONTACT ADDRESS
Phone : +88-02-9566160-9, +88-02-9566153-4, +88-02-9566074-5, Fax : +88-02-9562346, +88-02-9563662, +88-02-9563658,
E-mail : agrani@agranibank.org, Web: www.agranibank.org, SWIFT Code : AGBKBDDH
CORPORATE Chairman
ORGANOGRAM of the Board
Board of Directors
Executive Committee
Audit Committee
Risk Management Committee
Managing
MD & CEO is responsible Director
for executing and & CEO
implementing the financial,
business and administrative
authorities efficiently to
achieve the business target.
1 2 3 4
Deputy Deputy Deputy Deputy
Managing Director Managing Director Managing Director Managing Director
General GM for Divisions of the Head Office

Manager (GM) Circle Offices and
Corporate Branches
Number of GMs -21
DGM for Divisions of the

Head office, Circle Offices Deputy
Corporate Branches and General Manager
(DGM)
Zone Offices
Number of DGMs-106
AGM for Divisions of the

Assistant Head Office, Circle Offices,
General Manager Zone Offices &
(AGM) Corporate Branches
Number of AGMs -303
SeniorPrincipal Officer/ Clerical &

Principal Officer Senior Officer
Officer Equivalent Non Clerical
Number of Sr. Principal Number of Principal Number of Senior Number of Officers/ Number of Clerical
Officers-909 Officers-1818 Officers-4745 Equivalent-9000 staff- 1486
Number of Non
Clerical staff-2507
TOTAL SIZE OF OFFICIALS AND WORKERS AS PER ORGANOGRAM-21,038
K E Y F I N A N C I A L
INDICATORS
1972-2021
(BDT in Crore)
Year 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983
Authorised Capital 5 5 5 5 5 5 5 5 5 5 5 5
Paid-up Captial 1 3 3 3 3 3 3 3 3 3 3 3
Equity 1 4 5 6 6 6 7 7 7 7 7 7
Total Assets 137 213 270 310 354 430 560 769 853 950 1040 1471
Deposits 96 125 137 141 182 248 318 380 470 571 707 1027
Loans & Advances 77 101 121 126 152 206 251 295 361 394 464 662
Operating Profit 1 3 3 4 5 5 5 5 5 7 9 12
Net Profit 1 3 3 4 5 5 5 5 5 7 9 12
Classified Loans
Import 16 60 77 60 76 190 208 279 282 284 315 502
Export 16 29 37 39 90 100 102 131 133 141 231 289
Foreign Remittance 9 11 31 86
Workforce 2267 2363 3517 3561 3770 5074 6672 6981 7901 7460 9334 10062
No. of Branches 249 283 289 305 351 510 602 690 775 775 776 777
(BDT in Crore)
Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995
Authorised Capital 15 15 15 15 15 15 800 800 800 800 800 800
Paid-up Captial 3.5 3.5 3.5 3.5 3.5 3.5 106 106 106 248 248 248
Equity 7 10 10 11 12 12 116 116 116 278 278 278
Total Assets 2309 2576 2642 3200 3525 4644 4572 5362 5765 6420 7911 9723
Deposits 1441 1742 1967 2381 2625 3060 3187 3667 4176 4512 5250 6344
Loans & Advances 1031 1286 1466 1650 1916 2248 2193 2458 2650 3060 3767 4650
Operating Profit 17 32 28 18 13 1 2 0.02 0.04 0.64 1 1
Net Profit 17 32 28 18 13 1 2 0.02 0.04 0.64 1 1
Classified Loans 660 736 867 930 1230 1292 1620
Import 863 891 901 1162 1106 1746 1285 1177 1803 2163 3224 4058
Export 470 538 509 593 735 822 1135 1218 1724 2129 2853 3590
Foreign Remittance 182 316 430 651 757 780 906 1183 1611 1846 2115 2026
Workforce 10523 11128 11196 11237 12605 13213 13152 13154 13143 13915 13981 13789
No. of Branches 789 808 825 851 862 870 881 889 891 895 899 903
K E Y F I N A N C I A L
INDICATORS
1972-2021
1996-2008 (BDT in Crore)
Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Authorised Capital 800 800 800 800 800 800 800 800 800 800 800 800 800
Paid-up Capital 248 248 248 248 248 248 248 248 248 248 248 248 248
Equity 279 279 280 316 325 333 340 340 -1890 -1726 -1532 334 642
Total Assets 9470 10422 11004 11939 12326 13107 14445 14144 15138 15553 15408 18628 18733
Deposits 6713 7301 8278 9079 10053 10671 11547 11743 12538 13084 12892 13592 14681
Loans & Advances 4861 5101 5378 5837 7701 8002 8896 8931 9592 9940 10587 11849 11336
Operating Profit 1 1 1 1 59 24 30 26 -75 214 358 526 633
Net Profit 1 1 1 1 2 0.2 1.5 0.14 -2172 163 194 316 265
Classified Loans 2023 2433 2846 3005 2937 3000 3144 2641 2692 2814 2782 3179 2549
Import 2948 2832 3053 2597 3271 2634 3122 2897 3591 5119 11592 11343 10952
Export 3510 3520 3521 3472 4202 3743 3458 3575 4197 4171 5171 4892 4954
Foreign Remittance 2160 2517 2675 2795 3219 3371 3172 2743 3684 3457 3930 4281 5269
Workforce 13952 13486 13530 13341 13320 13058 12901 12514 12208 11938 11793 11345 10988
No. of Branches 903 903 903 903 903 901 891 872 870 864 866 866 867
2009-2021 (BDT in Crore)
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Authorised Capital 800 800 1000 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500
Paid-up Captial 497 547 901 991 2072 2072 2072 2072 2072 2072 2072 2072 2072
Equity 1144 1572 2594 717 3564 3957 4468 3658 4073 4159 4243 4080 4057
Total Assets 21179 26485 34882 37872 44416 49487 56535 62357 67392 78915 85393 109310 119,501
Deposits 16628 20633 25221 29243 34868 38392 43998 49405 53035 62193 69224 92,065 1,00,864
Loans & Advances 12224 16326 19409 21266 20297 23509 24480 26587 31912 39575 46583 51944 59,790
Operating Profit 644 1086 1474 1007 1064 1074 878 555 813 832 900 662 648
Net Profit 111 352 250 -1862 905 199 65 -697 676 104 107 14 137
Classified Loans 2374 2102 2149 5380 3580 3966 4640 6804 5570 6993 6643 6472 9,987
Import 7753 16792 26877 16963 15947 15741 10917 10153 13267 23551 38841 24874 39,922
Export 4461 6443 9310 8838 7845 8345 7543 7396 7059 8280 10873 10637 14,766
Foreign Remittance 5587 7097 8682 11681 12657 12980 13204 12022 10605 12680 14863 21014 17,961
Workforce 11443 11900 12085 13890 14005 13414 13396 12672 12798 12656 12051 11,389 10,750
No. of Branches 867 867 876 889 899 921 930 935 941 953 956 960 962
AGRANI BANK
Chairmen of the Board
1972-2007
M. Fazlur Rahman Atauddin Khan

02 Jan, 1972 - 31 Mar 1981 01 Feb, 1996 - 18 Jul, 1996
Abdur Rahman Biswas H. T. Imam

01 Apr, 1981 - -04 May, 1982 11 Aug, 1996 - 10 Aug, 1998
CHAIRMEN AND Prof. M. Safiullah Md. Matiur Rahman

05 May, 1982 - 04 May, 1985 13 Aug, 1998 - 21 Jun, 2000
MANAGING
M. Matiur Rahman Abdul Hannan
DIRECTORS 05 May, 1985 - 16 Apr, 1986 22 Jun, 2000 - 25 Mar, 2001
SINCE INCEPTION Mir Ataul Haque Khandker Dr. Sohrabuddin

17 Apr, 1986 - 21 Jan, 1987 28 Mar, 2001 - 11 Nov, 2001
Imamuddin Ahmad Chaudhury M. Ahsanul Haque

22 Jan, 1987 - 14 Dec, 1990 14 Nov, 2001 - 12 Nov, 2003
Mohd. Faizullah Sayed Mushtak (Acting)

15 Dec, 1990 - 05 Oct, 1991 19 Nov, 2003 - 13 Jan, 2004
L.K. Siddiqi Md. Fazlur Rahman

06 Oct, 1991 - 22 Sept, 1993 14 Jan, 2004 - 26 Nov 2006
M. Hafizuddin Khan(Acting) S. M. Jahurul Islam

23 Sep, 1993 - 03 Jan, 1994 19 Dec, 2006 - 02 Apr, 2007
Dr. Fashiuddin Mahtab Siddiqur Rahman Choudhury

04 Jan, 1994 - 31 Jan 1996 23 Apr, 2007 - 30 Jun, 2007
Siddiqur Rahman Choudhury

01 Jul, 2007 - 16 Sep, 2009
Dr. Khondoker Bazlul Haque

AGRANI BANK LIMITED 17 Sep, 2009 - 09 Sep, 2014
Chairmen of the Board Arastoo Khan (Acting)

21 Sep, 2014 - 18 Nov, 2014
2007-UP TO NOW
Dr. Zaid Bakht
19 Nov, 2014 - till date
AGRANI BANK
Managing Directors
1972-2007
M. Fazlur Rahman A. Q. Siddiqui

26 Mar, 1972 - 14 Jul, 1982 04 Feb, 1996 - 03 Aug, 1996
Lutfar Rahman Sarkar Khondoker Ibrahim Khaled

15 Jul, 1982 - 31 Aug, 1983 03 Aug, 1996 to 18 Feb, 1997
Humyun Hamid (Acting) Mosharraf Hossain AGRANI BANK LIMITED

01 Sept, 1983 - 13 Oct, 1983 12 Mar, 1997 - 28 Apr, 1999 Managing Directors
2007-UP TO NOW
Mohammad Hossain A. K. M. Nazmul Haq
14 Sept 1983 - 11 Apr, 1987 31 May, 1999 - 25 Jul, 1999
Humayun Hamid M. Enamul Haq Chowdhury Syed Abu Naser Bakhtear Ahmed
11 Apr 1987 - 04 Mar, 1991 01 Aug, 1999 - 06 Jan, 2000 01 Jul, 2007 - 30 Sept, 2007
Gulam Mohammad (Current Charge) M. A. Yousoof Dr. Syed Abdul Hamid, FCA (Acting)
04 Mar, 1991 - 09 Sept, 1991 06 Jan, 2000 - 10 Jul, 2001 01 Oct, 2007 - 14 Apr, 2008
Quazi Baharul Islam A. S. M. Imdadul Haque Syed Abu Naser Bakhtear Ahmed
09 Sept 1991 - 30 Jul, 1992 10 Jul, 2001 - 05 Sept, 2004 15 Apr, 2008 - 12 Apr, 2010
Dr. Syed Abdul Hamid, FCA
Mustafa Aminur Rashid A. K. M. Asaduzzaman (Current Charge) 13 Apr, 2010 - 29 Jul, 2016
30 Jul, 1992 - 30 Sept, 1995 06 Sept, 2004 - 01 oct, 2004
Foyezuddin Ahmed Syed Abu Naser BakhtearAhmed 24 Aug, 2016 - till date
30 Sept, 1995 - 04 Feb, 1996 02 Oct, 2004 - 30 Jun, 2007
TRIBUTE TO
BANGABANDHU
SHEIKH MUJIBUR
RAHMAN
March 17, 2020 is the 100th Birth Anniversary of the
Dedicated to the Father of the Nation

Father of the Nation, Bangabandhu Sheikh Mujibur
Biography Rahman. The dream of Bangladesh as an independent
Born : March 17, 1920, Tungipara, Gopalganj state was fulfilled with the birth of this greatest
Bangalee of all times. The key catalyctic act of
Assassinated by a band of deviant junior army
political entrepreneurship to forge and foster a
officers: August 15, 1975 genuine sense of nationhood of Bangalees was
Life Partner : Sheikh Fazilatunnesa Mujib conceived by Bangabandhu Sheikh Mujibur Rahman.
Children : Sheikh Hasina, Sheikh Kamal, Sheikh This great leader played a dominant role in the
struggle for self-rule. It was Sheikh Mujibur Rahman
Rehana, Sheikh Jamal, Sheikh Russel
under whose charismatic leadership the dream of
Parents: Sheikh Lutfar Rahman, Sayera Khatun independent Bangladesh was materialized.
Bangabandhu dreamt of a ‘Sonar Bangla’ (the Golden
Bengal) free of hunger, poverty, corruption, illiteracy,
communalism and ignorance. Thus Bangabandhu and
Bangladesh are synonymous with each other.
Bangabandhu Sheikh Mujibur Rahman, the great man
of politics, has suffered a life of torture and loneliness
of imprisonment to convey the message of liberation
and rights of the people of Bengal who were eager to
receive the unique message of freedom from the
shackles of subjugation. His only vow was to make the
poor people of Bengal smile, to build a golden Bengal.
Food, clothing, shelter, education, health - by fulfilling
these basic rights, people will enjoy a better life, will be
free from the scourge of poverty; that very thought
was in his mind and heart. Giving up all the comforts of
his life, ignoring numerous obstacles, he has gifted the
Bengali nation with a thousand-year-old dream of
'independence'. All the banks were nationalized in the
spirit of implementing the promises of independence
and liberation war - five more banks including Agrani
Bank were born which have been making continuous
contribution since the reconstruction of the war-torn
Bangladesh. He had to sacrifice himself to the
ruthless bullets of the assassins before gaining
national restructuring and economic prosperity after
gaining independence. The nation became
speechless, the vibrant journey to build a golden
Bengal came to a standstill. But it could not obliterate
Bangabandhu from the hearts of the people.
Bangabandhu will live in the hearts of all, young and
old, shining with glory. Although he is not in front of
the eyes, his place is in the middle of the eyes. This
segment of the Annual Report-2019 is dedicated to
Father of the Nation, Bangabandhu Sheikh Mujibur
Rahman on his 100th birth anniversary.
TRIBUTE TO
BANGABANDHU
SHEIKH MUJIBUR
RAHMAN
Mohammad Shams-Ul Islam, MD & CEO of the Agrani

Bank Limited initiated the noble arduous task of setting up
a ‘Bangabandhu Corner’ in Agrani Bank in 2010 in
Moulvibazar zonal office while he had been working as
General Manager of the Bank. Mohammad Shams-Ul Islam
‘Bangabandhu Corner’ at 6th
set up a Bangabandhu corner in the corporate office of
Floor of Agrani Bhaban,
Ansar VDP Unnayan Bank in 2015 while he was Managing
Director of that bank. He installed another Bangabandhu Agrani Bank Limited, Head
Corner in Agrani Bank as its Managing Director & CEO. It is Office, Motijheel, Dhaka. An
the outcome of his innovative thinking to pay homage to inspiring initiative to cherish
Father of the Nation Bangabandhu Sheikh Mujibur Rahman and nurture ‘Bangabandhu’ in
in the corporate arena. ‘Bangabandhu Corner’ helps the hearts of the Agrani Bank
young generation gain comprehensive knowledge about family.
the colorful life and philosophy of Bangabandhu Sheikh
Mujibur Rahman, the father of the greatest Bengali nation.
The idea of Bangabandhu Corner is spreading all over the
country and is now replicated by many entities. The
Government has already taken initiative to set up
Bangabandhu Corner at all educational institutions and in
all upazillas in Bangladesh. Besides, various banks, financial
institutions and corporate offices have started setting up
Bangabandhu Corners on their premises at their own
initiative. This is how the entire country renews its
gratitude.
TRIBUTE TO
BANGABANDHU
SHEIKH MUJIBUR
RAHMAN
Agrani Bank
Bangabandhu Bhaban
Bangabandhu Mural
The building to be constructed by Agrani Bank

The colossal mural of Bangabandhu has been erected on Limited at Shahbagh in Dhaka has been named
the wall of Agrani Bank Head office building honoring the ‘Agrani Bank Bangabandhu Bhaban’ in memory of
birth centenary of the greatest Bangalee of all times. Bangabandhu.
‘Ganamanusher Orthaniti O
Bangabandhu’ written by
Mohammad Shams-Ul-Islam
Kaljoyee
MD & CEO, Agrani Bank Limited
Mujib
A mural of Bangabandhu Sheikh Mujibur Rahman titled

Kaljoyee Mujib’ (Ever Victorious Mujib) installed near the
main gate on Khulna University campus with the financial
patronization of Agrani Bank Limited, marking the birth
centenary of Bangabandhu.
“Bangabandhu Corner-
Agrani Remit App Nandita Udbhaban”
Agrani Exchange House,
Singapore launches Mobile
Remittance App on 17th
March 2020, marking the
birth centenary of
Send money to loved ones
You Send
370 SGD
Bangabandhu, to make Receipient Receives
22643.47 BDT
remittance service more Next
efficient and convenient for

the Bangladeshi expatriates A memorable moment with HT Imam, Hon’ble Political Advisor
in Singapore. to the Prime Minister of Bangladesh at launching ceremony of
the Book “Bangabandhu Corner-Nandita Udbhaban”
22
OUR NATIONAL PRIDE
Hon’ble
Prime Minister
Deshratna
Sheikh Hasina
Padma Bridge
THE EPITOME OF ECONOMIC Connecting the Nation
GROWTH AND DEVELOPMENT . . .
Bangladesh has made an epoch-making
event of "Padma Bridge", whose
unquestioned architect and dreamer is
Prime Minister Sheikh Hasina. It is Sheikh
Hasina's political will that lies at the core
of the Padma Bridge becoming a reality. It
was her single-minded determination to
build it and the courage to overcome many
of the odds.
The Padma Bridge is the pride, hope and
aspiration of the nation. Agrani Bank is a
pride partner the sole provider of foreign
currency to the construction of Padma
Bridge. ABL has provided 1.40 billion US
dollars until now . Depending on the
incomparable determination of our Prime
Minister Sheikh Hasina, a new era of
growth and development is going to open
in Bangladesh.
Metro Rail
Digital connectivity of mass transport
Metro rail is the latest addition to and new example in the
transport system of Bangladesh. Metro rail connecting the
whole Dhaka with 16 stations will carry 60,000 passengers per
hour. The system will make populous Dhaka free from traffic
congestion. Metro rail is another example of Bangladesh’s
capacity under the self-reliant and visionary leadership of the
Prime Minister Sheikh Hasina.
OUR NATIONAL PRIDE
Hon’ble
Prime Minister
Deshratna
Sheikh Hasina
Bangabandhu Satellite-1
Making Bangladesh's debut in
the global space society.
Bangladesh before celebrating its golden jubilee of Independence has
sent satellite into the space. Bangabandhu 1 (BS-1), the first geosta-
tionary communications and broadcasting satellite of Bangladesh,
developed by the Bangladesh Telecommunication Regulatory
Commission (BTRC), was launched at 20:14 UTC on 12 May 2018 on a
SpaceX Falcon 9 launch vehicle at the Kennedy Space Center, USA. The
satellite contributes to bridging the digital divide in the country.
Bangabandhu Satellite-1 is a strong symbol of the nation’s genuine
aspiration to spur the country’s economy. Our Prime Minister is the
human epitome of this hope.
Power Generation Landmark

Bringing the nation within illumination
Bangladesh with 200 megawatt installed generator,
started electricity production in 1972. Bangladesh can
now produce 23,548 megawatt electricity (as of June,
2020). This epoch-making success has become
possible for the pragmatic, creative, dynamic and
adaptative leadership of our Prime Minister. Agrani
Bank Ltd. has played a vital role to achieve this
unprecedented success of electricity production
capacity through financing 15 power projects.
Bangabandhu Sheikh Mujibur Rahman

Tunnel (Karnaphuli Tunnel)
Connectivity and communication
at a new altitude
Bangabandhu Sheikh Mujibur Rahman Tunnel (or Karnaphuli
Tunnel) is an under—construction underwater expressway tunnel in
the port city of Chattogram, Bangladesh under the Karnaphuli river.
Prime Minister Sheikh Hasina and Chinese President Xi Jinping
inaugurated the construction site of the Karnaphuli Tunnel on 14
October 2017. The proposed multi-lane tunnel will connect
Chittagong city with the other side of the Karnaphuli River. It will also
make connection between the proposed Asian Highway and the
Dhaka-Chittagong-Cox’s Bazar Highway aiming to make regional
connectivity easier. The tunnel is the another milestone in the
communication system of Bangladesh under the proactive and
strategic leadership of the Prime Minister Sheikh Hasina.
BOARD OF DIRECTORS
Dr. Zaid Bakht

Chairman
Biswajit Bhattacharya Khokon, ndc

Director (Joined on 09-05-2022)
Mafiz Uddin Ahmed

Director
Kashem Humayun
Director
K.M.N. Manjurul Hoque Labloo

Director
Khondker Fazle Rashid

Director
Tanjina Ismail
Director
Md. Shahadat Hossain, FCA

Director
Mohammad Masud Rana Chowdhury

Director (Joined on 22-02-2022)

AGRANI BANK LIMITED
DIRECTOR
Chairman, Board of Directors PROFILE
Sussex, Institute of Developing Economies, Tokyo, Japan.

He also edited several volumes of “The Journal of the
Bangladesh Institute of Development Studies”.
Dr. Zaid Bakht successfully performed the following

international assignments:
i) Member, Peer Review Committee on Regional Study

Proposal for UNESCO’s Small Grant Program on
Poverty Eradication, New Delhi, 2005.
ii) Member, Government of Bangladesh Delegation to

UNCTAD Inter- Governmental Preparatory Committee
Meeting on Third UN Conference on LDC, New York,
July 2000.
iii) Member, Government of Bangladesh Delegation to

UNCTAD Expert Group Meeting on “Trade in the
Agricultural Sector”, Geneva, April 1999.
iv) Visiting Fellow, Department of Economics, Strathclyde

University, Glasgow, 1997
v) Consultant, ESCAP, Report on Promoting

Competitiveness of Public Sector Industries in Asian
and the Pacific Region, 1992
Dr. Zaid Bakht vi) Member, Sector Review Mission on Rural Non-farm
Employment in Sri Lanka, ILO, 1991
At national level, Dr. Zaid Bakht was a director of Sonali

Dr. Zaid Bakht was reappointed chairman of the Board of Bank Limited, syndicate member of Shahjalal University of
Directors of Agrani Bank Limited for the 3rd consecutive term on Science & Technology, Sylhet. He was also a member of the
14 December 2020. Prior to this, he held the chair of the same Panel of Economists for the formulation of the Sixth Five
board from 18 November 2014 to 3 December 2020. Year Plan (2010), member of Public Expenditure Review
Dr. Zaid Bakht is a renowned development economist and has Commission (2002), member of the Committee for Review
vast experience in designing, conducting, and guiding research of National Income Accounts (Ministry of Planning),
projects in the field of development economics with focus on member of the Advisory Committee for the Securities &
trade, industry, private sector, SME development, Exchange Commission (2001) and member of National
macroeconomic management and physical infrastructure related Committee on the Formulation of Industrial Policy-1998.
issues. Dr. Bakht also has experience in national level policy In his academic career, Dr. Zaid Bakht obtained his
formulation in the field of Industrial Policy, National Income graduation in Economics from Dhaka University. Later, he
Accounting Practices, Development Planning and Public completed M.Sc. and Ph.D. in Economics from Cornell
Expenditure. University, the US.
Dr. Zaid Bakht initiated his research career as a staff economist
Dr. Zaid Bakht taught different undergraduate and graduate
with the Bangladesh Institute of Development Studies (BIDS) in
level courses on Macro and Microeconomics, Statistics,
1971. Prior to his retirement as the Research Director from BIDS
Econometrics and Business Mathematics as a visiting
in 2014, he served the institute in different capacities.
professor at North South University. He was also an Adjunct
A veteran economist, Dr. Bakht has numerous international Professor at Dept. of Economics, East West University
publications. In his illustrious research career, Dr. Bakht (2006 – 2008). Dr. Bakht has been a guest speaker at
conducted many research projects of GOB and different world Armed Forces Staff College, BPATC, NAEM and the
organizations like World Bank, ILO, ADB, ESCAP, EU, FAO, Planning Acadmy.
UNCTAD and Japan Bank for International Cooperation. He
Dr. Zaid Bakht is the son of the late Dr. Jamshed Bakht and
undertook several collaborative research projects with foreign
Zebunnessa Khatun. In his personal life, he is married to
institutions like London School of Economics, University of
Halima Hossain and is blessed with a son and a daughter.
DIRECTOR
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(CEO) of Feni, Rajbari, Cox’s Bazar, Laxmipur; Zilla

Parishad (District Council) and Deputy Managing
Director (DMD) of Chattogram WASA,.
Mr. Bhattacharya participated in many trainings at home

and abroad on various professional courses like Survey
and Settlement Tarining from Dept.of Land Records &
Survey; Foundation Training course, Managing At The
Top-II(MATT-II), 91st Advance Course on Development
Administration(ACAD), 81st Senior Staff Course(SSC),
20th Policy Planning and Management Course(PPMC)
from Bangladesh Public Administration Training
Centre(BPATC),Savar; Law & Administration from BCS
(Admin) Academy, Shahbagh, Dhaka, Bangladesh
Military Academy(BMA) Orientation Course from
Bangladesh Military Academy, Bhatiary, Shitakunda,
Chottogram and National Defence Course(NDC-2018)
from National Defence College, Mirpur Dhaka.
He also received training on professional development

program from Indian Institute of Public
Administration(IIPA), India and travelled to Thailand, Sri
Biswajit Bhattacharya Khokon, ndc Lanka, Malaysia, The Netherlands, France, Germany,
(Joined on 09-05-2022) Belgium, Maldives, Uzbekistan, the United Kingdom,
Turkey, Greece on the occasion of various study tours.
Biswajit Bhattacharya Khokon, ndc, Additional Secretary,
He was awarded best Assistant Commissioner (land) of
Finance Division, Ministry of Finance joined as a director of the
Cox’s Bazar for Land Administration & Land
board of directors of Agrani Bank Limited on 9 May 2022. He
Development Tax collection in 1997.
is also one of the members of the Risk Management
Committee of the Board of Agrani Bank Limited.Prior to Mr. Bhattacharya is married to Tishon Bhattacharya and
joining Agrani, he was a director of IPDC Finance Limited from blessed with two children.
20.06.2019 to 12.12.2021
Mr. Bhattacharya, son of late Rash Mohon Bhattacharya and

late Shadhona Rani Bhattacharya was born in 1964. He
obtained B. Com (Hons.) & M. Com from Govt. Jagannath
University College, Dhaka.
He joined Bangladesh Civil Service (administration) in 1991. He

worked in different capacities in his long Government service
career. Mr. Bhattacharya was Assistant Commissioner &
Magistrate in Magura, Cox’s Bazar, Luxmipur, Cumilla,
Banderban. He also served as AC(land) in Banshkhali,
Chottogram and Ramu, of Cox’s Bazar District. Mr.
Bhattacharya was posted as Magistrate of the Speedy
Tribunal in Banderban. He also served as Upazilla Nirbahi
Officer (UNO) in Nakla, Sherpur and Debhata under Shatkhira
District. Later on he was Additional Deputy Commissioner
(ADC) of Rangamati,CHTs District; Chief Executive Officer
DIRECTOR
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preparation, design and implementation of budget, PPP

projects including Health, Education, Power, Physical
Infrastructure and Financial sector’s programs. These
experiences paved the way for him to work closely with
many development partners. He participated in many
meetings and dialogues held with the development
partners.
Mr. Ahmed held the position of board member of

Bangladesh Shilpakala Academy, Bangladesh Film
Development Corporations (FDC), Bangladesh
Oceanographic Research Institute (BORI), Obosor Subidha
Board, Kornofuly Jute Mills, Karim Jute Mills etc.
Education: Mr. Ahmed earned Honors and Masters degree

in Public Administration from the University of Dhaka. In
addition, he has completed masters in ‘Arts of Governance
Studies’ from Northern University, Bangladesh. In addition
he has completed shorts courses from Monash University,
Macquarie University, Australia, Crown Agents UK, WTO,
STI Singapore, ITC-ILO, Italy.
Mafiz Uddin Ahmed Writer: Mr. Ahmed writes in the national dailies. He has
several publications on diversified subject like short stories,
travel, novel, poetry etc.
Mafiz Uddin Ahmed started his career as a civil servant. Mr.
Ahmed joined the Bangladesh Civil Service in 1994 as Assistant Some of his books are :
Commissioner and Magistrate in Rajshahi and continued as the
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same in different districts of Bangladesh. His work experience
covers Field Administration, Criminal Justice, Training Institutions,
2. gvwj½v‡K Q°v gv‡iv (wkï†Zvl Mí)
Land Administration and Secretariat. As civil servant, he 3. †MÖUIqvj Uy A‡civ nvDm (ågY)
participated in different professional training in various 4. †ejv A‡ejvi Mvb (Dcb¨vm)
institutions in home and abroad. He extensively visited the 5. wPÎv bv‡gi `yóy weovj (wkï†Zvl Mí)
following countries for training, workshop, exposure visit and 6. iwmK Avwj (ig¨ )
higher studies: Australia, UK, Germany, France, Italy, China, India,
7. †LvKv n‡jv RvwZi wcZv
Philippines, Singapore, Malaysia, Vietnam, Thailand, Turkey etc.
8. GK AL¨vZ wK‡kv‡ii gyw³hy×
Mr. Ahmed’s contemporary position is Additional Secretary,
Financial Institutions Divisions, Ministry of Finance where he is
entrusted with the responsibility of Capital Market and ICB wing.
Before taking the current assignment, he performed
responsibilities in Finance Division, Ministry of Finance for long
twelve years in the Budget Wing, Implementation Wing, Treasury
and Debt Management Wing and in Public Private Partnership
cell.
During his elongated and enlightened career in the Bangladesh

Civil Service, he has acquired extensive experience in the
DIRECTOR
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(child) Hospital, Institute of mother & child health, Mautail ,

Dhaka.
As a director of the board of the directors of Sonali Bank

Limited from 2010 to 2013, he distinctly displayed the
values of honesty and integrity. He was also director of
Jibon Bima Corporation.
Humayun was vice-president & treasurer of National

Shooting Federation for nearly two decades. He was also
former vice president and executive member of
Narayanganj Rifles Club. He is the founder general
secretary of Narayanganj Press Club, Bazlur Rahman
foundation and Shapla, a cultural organization.
He is also chairman of the Board of Directors of

Biddyaniketon High School, Narayanganj; executive
member of Kendrio Kochi Kachar mela, an organization for
children and adolescents and a member for life of Sudhijon
Pathagar, Narayanganj. He is the elected member of
executive committee of National Press Club & Dhaka
Journalist Union.
Kashem Humayun
Humayun has travelled multiple times the US, the UK
,Germany, France, Saudia Arabia, Dubai, India, Hong Kong,
Kashem Humayun, an eminent journalist & managing editor of Australia, Itali, Nepal, Sri Lanka, Malaysia,
The Daily Sangbad, was appointed director of the Board of Singapore,Thailand and many other countries.
Directors of Agrani Bank Limited on 8 September in 2016. He is
chairman of the risk management committee and also a member Humayun is married to Sahnaj Begum who is a professor of
of the executive committee of the bank. Rajarbag Police Lines School & College. He is a proud father
of two daughters.
Humayun, son of the late Chand Miah & the late Moymoona
Khatoon was born on 21 September 1952.He obtained M.A. from
the University of Dhaka.
Humayun has a long career in journalism. He joined the Daily

Sangbad as a reporter in 1972. He has wide experience as a senior
reporter & chief reporter. His articles on politics, banking,
economy etc. were regularly published. When current Prime
Minister Sheikh Hasina returned home in 1981, he was one of the
all-time companions of the entourage of the Prime Minister and
reported on all the events. He also attended UN General
Assembly in 1996 & Commonwealth heads of government
meeting in Perth, Australia in 2011 as one of the members of the
delegation led by Prime Minister Sheikh Hasina. He also played
active role as a member of media cell and sub-committee for
press of Awami League during the National Parliamentary
Election in 2008. Humayun is now one of the members of the
managing committee of journalist welfare trust, Dhaka Children 29 Annual Report-2021
DIRECTOR
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Bangladesh Student League central committee. He was

elected first VP of Bangabandhu Hall Students Union,
Dhaka University on 08 February 1989.
Mr. Labloo has also engaged himself in various social

activities. He was former General Secretary of Jugoshikh
Sangha, a renowned social and volunteer organization,
Gopalganj and a former youth red cross captain of Govt.
Bangabandhu College, Gopalganj unit.
Mr. Labloo attended International Conference on Social

Security on 5-7th May 2003 at Antwerp, Belgium;
International Conference on ICWN at the UK and NIZW at
Rotterdam, the Netherlands on 24-28th June 2002;
International Conference on Social Security (ISSA) General
Assembly held in Beijing, China on 12-18th September
2004. He also attended a meeting with Chairman of
National Youth Council of Singapore on 25 June 2000 at
NYC Head Office, Singapore; a meeting with
Commonwealth high officials at Commonwealth Secretariat
London, UK on 5 May 1998; the Commonwealth Heads of
Govt. meeting in Malta from 24-28th November 2005. He
K.M.N. Manjurul Hoque Labloo also attended a meeting with Commonwealth Secretary
General during his visit to Bangladesh & with Sir Ninian
K.M.N.Manjurul Hoque Labloo, Chief Editor & Managing Director Stephen, former Governor General of Australia during his
of Global News Agency (worldwide news network) was appointed mission in Bangladesh in 1994; a meeting with
director of the Board of Directors of Agrani Bank Limited on 09 Commonwealth Secretary General H.E. Donald McKinnon
September 2019. He is Chairman of Agrani Bank Employee’s during his first visit to Bangladesh in April 2000; a meeting
Provident Fund Trust and a member of Board Audit Committee of with Commonwealth secretary general H.E. Kamalesh
the Bank. Sharma during his first visit to Bangladesh in 2007.
K.M.N.Manjurul Hoque Labloo son of the late Khandakar Emdadul Mr. Labloo also organized a seminar on developing
Hoque and late Khandakar Anwara Begum, was born on 22 April relationship among the students and youths of
1965 in a respectable Muslim family of Gopalganj. He obtained Commonwealth countries on 14 July 1994 where Humayun
Master of Social Science from Department of Social Welfare, Rashid Chowdhury, former speaker, S A M S Kibria , former
University of Dhaka. finance minister, former High Commissioner of India and UK
and the elite of the country were present.
Mr. Labloo has a long political career. He had been involved
himself in student politics since his high school life. He was Mr. Labloo is married to Farhana Afroze Hoque, a housewife
general secretary, Bangladesh Student League, S.M. Model Govt. and is blessed with two sons.
High School; President, Bangladesh Student League, S.M. Model
Govt. High School; elected President, Students Union, S.M. Model
Govt. High School; General Secretary, Bangladesh Student
League, Govt. Bangabandhu College, Gopalganj; elected Publicity
Secretary, Gopalganj Dist. Student League; Joint Secretary,
Gopalganj Dist. Student League; elected Convener, Gopalganj
Dist. Student League; a member of National Council of
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at INSEAD Business School, France, Leadership and

Innovation training at University of Cambridge Business
School, USA, Handling the BREXIT issues at London School
of Economics (LSE), London arranged by Standard
Chartered Bank. He attended numerous
seminars/workshops in USA, UK, China, Bahrain, Hong
Kong, Vietnam, South Korea, Sri lanka etc. on various
Banking issues.
Mr. Rashid is a life member of IBA Alumni Association, DU,

Association of Bankers Bangladesh (ABB), Gulshan Society.
He was a regular speaker on different subjects related to
Banking in training entities of different Banks/BIBM.
Khondker Fazle Rashid, a professional banker, was appointed a

director of the Board of Directors of Agrani Bank Limited since
September 24, 2019. He is also member of Risk Management
Committee and Audit Committee of the Board of Directors.
Khondker Fazle Rashid, son of the Late K.F Akbar (District &
Sessions Judge) was born on 02 January, 1954. He obtained MBA
from IBA, University of Dhaka in 1978.
Mr. Rashid began his banking career in Sonali Bank as a

probationary officer (NG-V) in 1978. Later, he joined Arab
Bangladesh Bank Limited in 1982 and worked there until 1999 in
different capacities at home and abroad. He also worked as
Senior executive vice-president & Head of Credit Division of
Southeast Bank Limited from 2000-2003. He was Managing
Director of Dhaka Bank Limited for the two consecutive terms
from 2009 to 2014 & Managing Director of The Premier Bank
Limited from 2015 to 2018.
During his about 40 years of experience as a banker, he took part

in many professional training courses at home and abroad, which
include Credit analysis and Management of documentary
credit/Treasury/ Foreign Trade etc. in Chemical Bank (CHASE),
Singapore, Value creation in Banking and Strategic Management 31 Annual Report-2021
DIRECTOR
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Programme for Senior Judges organised by KOICA and the

Supreme Court of the Republic of Korea held in Seoul; Case
Management Study Tour organised by UNDP Bangladesh
and held in Manila, the Philippines; International Conference
on Women Judges in Africa, held in Rabat, Morocco and
organised by the Union of Moroccan Women Judges. She
served for 4 years as the President of the Bangladesh
Women Judges’ Association (BWJA). Ms. Ismail was also a
Member of the International Women Judges’ Association
(IWJA), Washington DC, USA.
She is an avid reader and fond of poetry, music and

travelling. She is married and blessed with two daughters.
Tanjina Ismail
Tanjina Ismail, a former Senior District & Sessions Judge joined as

a Director of the Board of Directors of Agrani Bank Limited on 15
September 2020. She is also one of the Members of the
Executive Committee and Risk Management Committee of the
Board.
She was born on 10 January 1961 in a respectable Muslim family in

Narayanganj. She attended the University of Dhaka and obtained
LL B Honours and LL M degrees. Ms. Ismail has an outstanding
judicial background with nearly 4 decades of her career in the
Judicial Service of Bangladesh. Among her many assignments she
served as District & Sessions Judge, Gazipur, Judge of Nari o
Shishu Nirjatan Daman Tribunal, Dhaka, Deputy Solicitor in the
Ministry of Law, Justice and Parliamentary Affairs and Member
(with the rank and status of Senior District and Sessions Judge) of
the Labour Appellate Tribunal, Dhaka.
Ms. Tanjina Ismail was trained at home and abroad on a wide

range of fields such as law, legislation, land administration, court
management and judicial proceedings. She represented
Bangladesh Civil Judiciary in a number of international forums
including SAARC Regional Convention on Suppression of
Terrorism held in Colombo, Sri Lanka; Judicial Training
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agricultural issue of the country arranged by Channel-I and

also received appreciation from Bangladesh Text Book
Board for outstanding contribution to various text books.
He is the author of the books of Bangabandhu O
Bangladesher Orthoniti, Muktir Shongram, Accountability
for Economic Development and Bangabandhur Bhabnay
Hishab Biggan. He as well presented dissertation papers at
seminars in home and abroad on International Financial
Reporting Standards, Macro Economic performance of
Bangladesh and Income Tax Issues. Mr. Hossain is a regular
contributor to different daily newspapers and periodical
Journals on various topics including Financial, Banking,
Economic, Budgeting, Fiscal, Agriculture as well as
Educational affairs. Mr. Shahadat participated in TV talk
Show, Radio Program, Round Table conference. He visited
many countries like India, Nepal, Sri-Lanka, Malaysia,
Pakistan, Saudi Arabia, China, Thailand and Indonesia etc.
Md. Shahadat Hossain, FCA
Md. Shahadat Hossain, FCA was born on 26 November, 1965 in

Sirajganj district. He is a veteran Chartered Accountant with
illustrious and elongated 28 years of professional services in the
field of Accounting, Auditing and Financial arena and possesses a
proven track record of contributory personalities with
professional acumen, intellectuality and wisdom for the society
and the country. Academically he is an M.Com.
Mr. Hossain is the Senior Partner of MABS & J Partners,

Chartered Accountants (A Member firm of Nexia International).
Concurrently he is an elected council member of the Institute of
Chartered Accountants of Bangladesh since last fifteen years,
member of South Asian Federation of Accountant (SAFA),
committee on Anti Money Laundering, member of the Board of
Directors of Rajshahi WASA & an independent director and
chairman of nomination and remuneration committee of Shasha
Denims Limited. He was the Vice President of the Institute of
Chartered Accountants of Bangladesh. He was furthermore a
director of Bangladesh Cable Shilpa Limited, Agrani SME
Financing Company Limited and a member (Accounting) of
National Wage and Productivity Commission in 2015.
Mr. Hossain was awarded for winning a competition on 33 Annual Report-2021

DIRECTOR
Director PROFILE
budget, maintain liaison and communications in procuring

development assistance and play active role in Foreign aid
management. He has vast experience in Trade and
Development relations in the diplomatic front. These
experiences paved the way for him to work closely with
many development partners. He participated in many
meetings and dialogues held with the development
partners and foreign diplomats.
Education: Mr. Chowdhury earned Master of Economics,

degree from University of Sydney, Australia, under AusAid
Scholarship. He did M.S.S. (Economics) from University of
Dhaka (1st Class) and B.S.S (Honor’s- Economics) from
University of Dhaka (2nd class 1st).
He used to engage himself in Social activities and write

articles in the newspaper on development issues.

(Joined on 22-02-2022)
Mohammad Masud Rana Chowdhury has joined Bangladesh Civil

Service in 25 January 1999. His work experience covers
Development planning and Development administration. As civil
servant he participated in different professional training in various
institutions in home and abroad. He extensively visited the
following countries for training, workshop, exposure visit and
higher studies: USA, UK, Canada, New Zealand, Australia,
Switzerland, Germany, France, Luxembourg, Belgium, Denmark,
Finland, Chile, South Korea, Thailand, Singapore, Malaysia, Viet
Nam, Indonesia, Sri Lanka, India, Nepal.
Mohammad Masud Rana Chowdhury contemporary position is

Joint Secretary, Economic Relations Division, Ministry of finance
where he is entrusted with the responsibility of UN-SDG’s related
works, LDC graduation, Financing for Development (FFD),
Development Cooperation Forum (DCF) related issues and others.
Before taking the current assignment, he performed
responsibilities in Embassy of Bangladesh, Seoul, South Korea as
Commercial Counsellor, Hon’ble Finance Minister’s office,
Ministry of Finance, Hon’ble Planning Minister’s office, Ministry of
Planning, Embassy of Bangladesh, Brussels, Belgium as First
Secretary. During his elongated and enlightened career in the
Bangladesh Civil Service, he has acquired extensive experience in
the preparation, design and implementation of development
DIRECTOR
Director PROFILE
status of the bank and to lift it to commendable new heights,

ushering in a new age in the history of Agrani Bank Limited.
He fostered significant changes in the bank and company
culture to secure Agrani Bank’s position as the leading
foreign remittance receiving bank among all the
State-owned Commercial Banks (SCBs) in Bangladesh. As a
Managing Director of Ansar-VDP Unnayan Bank, he brought
positive changes and remarkable progress in the Bank. He is
prominent in the banking industry of Bangladesh as a
pioneer in the introduction of innovative products for Banks.
Mr. Shams pioneered the creation of “Bangabandhu

Corner”as a tribute of Agrani Bank to pay homage to the
Father of the Nation Bangabandhu Sheikh Mujibur Rahman
in the corporate arena. The prime objective of the
Bangabandhu Corner is to educate and inspire the younger
generation about the colorful life, ideals and philosophy of
the Father of the Nation. The idea of “Bangabandhu Corner”
is now spreading all over the country and being replicated
by all schools and universities, Upazila offices
(administrative sub-districts) and many government and
non-government entities at home and abroad.
A former Notre Damian Mr. Shams was awarded the honor

as ‘The Best Banker’ of 8th International Gold Medal
Award-2018 by Dr. M.A. Wazed Miah Memorial Foundation
in Bangladesh. He received appreciation with letters and
Mohammad Shams-Ul Islam crests from the then Managing Director & CEO of Agrani
Bank on several occasions for outstanding performance in
achieving the set business targets, mobilization of deposits
Mohammad Shams-Ul Islam was appointed Managing Director and recovery of bad loans and received a number of letters
and CEO of Agrani Bank Limited on 24 August 2016 and of commendation from the then Board of Directors of
re-appointed on 24 August 2019 for another three years Agrani Exchange House Pvt. Ltd. Singapore and Agrani
following successful completion of first tenure. Bank Limited between 2002 and 2009 for contribution in
sending foreign remittance to Bangladesh through the
Mr. Shams is an enterprising and innovative professional banker banking channel.
bejeweled with a sound academic status, and exposed in the local
and overseas banking sectors for over 36 years. He possesses Mr. Islam participated in a number of seminars and
thorough knowledge & expertise in all fields of banking in general workshops in the US, the UK, Canada, Australia, UAE,
& the global remittance industry in particular along with Singapore, Malaysia, Hong Kong, Nepal, Saudi Arabia,
integrated treasury management covering the avenues of Indonesia, the Netherlands, Thailand, Portugal etc. and
Foreign Exchange Dealing & Money Market Operations, and completed multifaceted training courses in the country
Credit Portfolio Management. He did his B.com (Hon’s) & M.com covering almost all aspects of banking industry. At present
in Accounting from University of Dhaka. He launched banking he is Chairman of Agrani SME Financing Company Limited ,
career with Agrani Bank on 16 February 1984 as a Senior Officer Director of Agrani Equity and Investment Limited, Padma
(Financial Analyst) and gained experience in different branches of Bank Ltd, Financial Excellence Limited (FinExcel), Delta Life
Agrani Bank. He took up responsibilities as Branch Manager, Insurance Company Ltd, Agrani Exchange House Pvt. Ltd.
Divisional Head with many other important duties in Bangladesh Singapore, Agrani Remittance House Sdn, Bhd, and Agrani
and beyond. He spearheaded the launch and success of Agrani Remittance House, Canada Inc. He is a member of the
Exchange House Private Limited, Singapore, a flagship Governing Board of Bangladesh Institute of Bank
Remittance company of Agrani Bank Limited in 2002, as opening Management (BIBM), member of the Council of Institute of
CEO & Director and worked there to the utmost satisfaction of all Bankers’ Bangladesh (IBB) and Executive Committee of
concerned until 2008. He also worked as Managing Director of Bangladesh Foreign Exchange Dealers Association
Ansar-VDP Unnayan Bank, a state-owned specialized bank in (BAFEDA), member of National Shariah Council of Islami
Bangladesh from 14 October to 23 August, 2016. Banks in Bangladesh. He is also involved in the Dhaka
University Alumni Association (DUAA), Accounting Alumni
Mr. Shams played a crucial role in bringing Agrani Bank Limited to Association (AAA), and Officers’ Club along with various
a new era. Immediately after being appointed MD & CEO of Agrani social organizations to gear up the process of economic
Bank Limited, he devised a ‘100-Day Roadmap’ to improve the growth and welfare in the35country.
Annual Report-2021
SHAREHOLDERS’
INFORMATION
Distribution of Shares
Particulars
31 December 2021 31 December 2020
Government of Bangladesh 20,72,29,395 20,72,29,397
Directors 9 7
General Public _ _
Total 20,72,29,404 20,72,29,404
Shares held by Directors

Sl. No. Particulars Status Share Closing Position Change
1 Dr. Zaid Bakht Chairman 1 1 0%
2 Biswajit Bhattacharya Khokon, ndc Director 1 1 0%
3 Mafiz Uddin Ahmed Director 1 1 0%
4 Kashem Humayun Director 1 1 0%
5 K.M.N. Manjurul Hoque Labloo Director 1 1 0%
6 Khondker Fazle Rashid Director 1 1 0%
7 Tanjina Ismail Director 1 1 0%
8 Md. Shahadat Hossain, FCA Director 1 1 0%
9 Mohammad Masud Rana Chowdhury Director 1 1 0%
Total 9 9 0%
DIVIDEND DISTRIBUTION
i) 100 Percent stock dividend i.e. 1 bonus share for every 1 share for the year 2008.
ii) 10 Percent stock dividend i.e. 1 bonus share for every 10 shares for the year 2009.
iii) 10 Percent stock dividend i.e. 1 bonus share for every 10 shares for the year 2010.
iv) 10 Percent stock dividend i.e. 1 bonus share for every 10 shares for the year 2011.
COMMITTEES OF
THE BOARD
AUDIT
COMMITTEE
Chairman
Mafiz Uddin Ahmed
Member
K.M.N. Manjurul Hoque Labloo
EXECUTIVE Khondker Fazle Rashid
COMMITTEE Md. Shahadat Hossain, FCA
Chairman
Dr. Zaid Bakht
Member RISK MANAGEMENT
Kashem Humayun COMMITTEE
Tanjina Ismail
Chairman
Kashem Humayun
Member
Biswajit Bhattacharya Khokon, ndc
Mafiz Uddin Ahmed
Tanjina Ismail
ABL
Management Team
Managing Director & CEO Mohammad Shams-Ul Islam
Md. Rafiqul Islam

Deputy Managing Directors PRL on 11-02-2022
Md. Habibur Rahman Gazi

Md. Anwarul Islam
Md. Monirul Islam
General Managers
Md. Mozammal Hossain Md. Asheque Elahi

Dr. Md. Abdullah Al Mamun Md. Nurul Huda
Md. Golam Kibria Rubana Pervin
Md. Akhtarul Alam Mohammad Fazlul Karim
Enamul Mowla Shirin Akhter
Md. Shamsul Haque Muhammed Didarul Islam, FCA
Chief Risk Officer (CRO) & CFO [Contractual]
A.K.M. Shameem Reza
Md. Shahinur Rahman, CISSP, CISA, CDPSE
Shamim Uddin Ahmed (CITO) [Contractual]
Md. Fazle Khoda
Hossain Iman Akand
Md. Shamsul Alam
Bahar-A-Alam
A.K.M. Fazlul Haque
Md. Aminul Haque
Md. Abul Bashar
Management Team

Md. Rafiqul Islam Md. Habibur Rahman Gazi Md. Anwarul Islam
Deputy Managing Director Deputy Managing Director Deputy Managing Director
PRL on 11-02-2022
Md. Monirul Islam

Deputy Managing Director
ABL Management Team
Md. Mozammal Hossain Dr. Md. Abdullah Al Mamun Md. Golam Kibria
General Manager General Manager General Manager
Md. Akhtarul Alam Enamul Mowla Md. Shamsul Haque

A.K.M. Shameem Reza Shamim Uddin Ahmed Md. Fazle Khoda

Hossain Iman Akand Md. Shamsul Alam Bahar-A-Alam

ABL Management Team
A.K.M Fazlul Haque Md. Aminul Haque Md. Abul Bashar

Md. Asheque Elahi Md. Nurul Huda Rubana Pervin

Mohammad Fazlul Karim Shirin Akhter Muhammed Didarul Islam, FCA

General Manager General Manager General Manager (CRO) &CFO
Promoted on 04-04-2022 (Contractual)
Md. Shahinur Rahman

CISSP, CISA, CDPSE
General Manager (CITO) [Contractual]
DEPUTY GENERAL MANAGERS
1 Mohammad Tariqul Islam 36 Mahmood Reza 71 Md. Kafil Uddin

2 Md. Nurul Islam 37 Mohammad Kabir 72 S.M. Jahirul Islam
3 Diwan Muhammed Sadaque 38 Shahinure Sultana 73 Md. Moniruzzaman
4 Shahinoor Begum 39 Md. Shah Jahan 74 Rebecca Sultana
5 Md. Abu Hasan Talukder 40 Jahanara Begum 75 Md. Abdul Latif
6 Md. Shahidul Islam 41 Md. Lutfor Rahman 76 Mosammat Anjumanara Begum
7 Md. Aminul Islam Gazi 42 Shireen Akter 77 Md. Monibur Rahman
8 Md. Atiqur Rahman Siddique 43 Md. Shahjahan Mia 78 Suprova Saeed
9 Md. Wahidul Islam. 44 Md. Rezaul Karim 79 Kalidas Chandra Mondal
10 Mohammed Yousuf Khan 45 Sudhir Ranjan Biswash 80 Mrinal Bhattacharjee
11 Md. Hedayet Hossain Shaikh 46 Md. Ekhtiar Uddin 81 Samar Kumar Roy
12 Susmita Mandal 47 Shameem Ara Sultana Ghani 82 F.M. Abdul Kuddus
13 S.M. Mostofa-E-Kader 48 Md. Abul Kalam 83 Nirab Kanti Das
14 Md. Solaiman Mollah 49 Md. Aminul Hoque 84 A.G.M. Khairul Nayeem
15 Ashis Kumar Muhury 50 Shahnaj Chowdhury 85 Md. Kamal Hossain
16 Md. Afzal Hossain 51 Md. Abdul Karim Miah 86 Lakshman Chandra Singha
17 Md. Sharful Alam 52 Roksun Ara Hossain 87 Mst. Shamim Ara
18 Shafia Akhter 53 Ashutosh Chandra Sikder 88 Lakkhan Chandra Das
19 Zakir Hossain 54 Md. Abdur Rahman. 89 Md. Shafiqur Rahman
20 Anita Dey 55 Md. Marfot Ali 90 Arundhati Mondal
21 Swapan Kumar Dhar 56 Morsheda Akhter 91 Manash Kumer Paul
22 Md. Mojammel Haque 57 Md. Enamul Kabir 92 Debabrata Paul
23 Raofa Haque 58 A. N.M. Ali Haider 93 Shishir Kanti Das
24 Md. Mahbubur Rahman 59 Mohammad Ali 94 Baishnab Das Mondal
25 Sk. Akram Uddin 60 Md. Abul Hossain 95 A.B.M. Saifuddin Khan Chy.
26 Md. Moinuddin Shaikh 61 Mohammed Hassan Zaheer 96 Md. Humayun Kabir
27 Md. Shamiul Huda 62 Bablu Muhari 97 Md. Humayun Kabir
28 Md. Rezaul Karim 63 Mostaque Ahmed 98 Iqbal Kabir Akhand
29 Sukumar Das 64 Md. Mozaffar Hossain 99 Md. Abdur Rahman
30 Syed Salma Usman 65 Bhabesh Chakma 100 Md. Mokhlesur Rahman
31 Md. Humayun Kabir 66 Sheikh Md.monirul Islam 101 Md. Abu Bakkar Siddique.
32 Md. Rezaul Sharif 67 Sk. Din Mohammad 102 Md. Abdul Mannan
33 Md. Shariful Islam Biswas 68 Md. Nurul Islam 103 Ferdous Ahmed
34 Md. Jalal Uddin 69 Md. Saiful Amir 104 Md. Saiful Islam Bhuiyan
35 Ruhia Akhter 70 Md. Mokbul Hossain 105 Major Md. Assaduzzaman (Retd.)
ACHIEVEMENTS Bangladesh Bank
AND AWARDS Recognition
is not a scarce
resource Remittance Award Bangladesh Bank Remittance Award
2019 and 2020
2019 and 2020
1st place in Annual Performance Agreement
Evaluation- 2019-2020
Honorable Chairman and

MD & CEO of ABL are
handing over a cheque of
Tk. 3 crore as donation to
Prime Minister's Relief and
Welfare Fund to help flood
affected people
ABL achieved 1st place in APA

Evaluation 2019-2020 among
State owned Commercial
Banks of Bangladesh
ICMAB
Best Corporate
Award 2019 NRB Remittance
Award 2016
1st Position in
Green Financing
among all Banks in
Bangladesh
Bangladesh Bank has
awarded Agrani Bank
Limited the 1st Position for
providing highest green
financing among all banks.
Agrani Bank's
Exchange House
Remittance App
Agrani Bank ranked 1st among all the banks in wins “MAS FinTech Awards"
disbursement of CMSME Loan under COVID-19 (ASEAN FinTech) 2020 given by
stimulus package. Monitory Authority of Singapore.
Corporate Award 2014
ACHIEVEMENTS
ICMAB Best
AND AWARDS Recognition
is not a scarce
resource
Alina Akter, senior officer of ABL Officers of Agrani Bank Limited

receiving the ‘Eastern Bank Limited received the ‘National Bank Limited
Gold Medal & Cash Prize of TK. Cash Prize’ for securing ‘Highest
25000.00’ for completing the Marks’ in different subjects in the
examination in one chance securing JAIBB exam.
‘First Position’. Also receiving the
‘Bangladesh Development Bank
Limited Cash Prize of Tk. 25000.00’
for securing ‘Highest Marks ’in SME &
Consumer Banking in the DAIBB exam
held during November-December
2019.
Arabian Banker Bangladesh Bank ICMAB

NRB Silver Award
Award for 2009
ICMAB Award 2009 ICAB Award 2009
Award 2017 Remittance Award 2016 Remittance 2014
)S

PHOTO
GALLERY
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<MTT[I[\WZa
Honorable Chairman and MD & CEO of ABL are handing over a cheque of Tk. 3 crore as donation to Prime
Minister’s Relief and Welfare Fund to help flood affected people.
.
807th Board Meeting held on 22 May, 2022
Virtual Meeting held on 16th December, 2021 to celebrate the great Victory Day
Inauguration of new building of Banani Corporate Branch by Honorable Chairman and Managing Director & CEO.
Honorable Chairman Dr. Zaid Bakht exchanges greetings with valiant exporters.
Signing ceremony of syndicated term loan facility to Bashundhara Gold Refinery Limited. ABL is the lead
arranger and agent of the syndicated term loan.
Agrani Bank is one of the prime sponsors of various sectors of national sports. ABL sponsored Bangabandhu
4th National Fencing Tournament-2021.
Celebration on reaching the milestone of Deposit “100 Thousand Crore”.
A special moment of Managers’ Conference held at Cumilla Circle.
Paying tribute to the National Heroes on the great Independence Day on 26th March, 2021.
Agreement signing ceremony between Agrani Bank Limited and BPDB.
Disbursement of loan in a transparent manner under CMSME incentive package.
Inauguration ceremony of Document Verification System (DVS) by Honorable Managing Director& CEO
Mohammad Shams-Ul Islam.
Agreement signing ceremony between Agrani Bank Limited and BPDB.
Inauguration Ceremony of Pension Management System Software by Honorable Managing Director & CEO.
Honorable Deputy Governor of Bangladesh Bank inaugurates disbursement of loan under CMSME incentive
package at Khulna Circle.
MoU signed between Agrani Bank Limited and North-West Power Generation Company Limited(NWPGCL).
Meeting with the delegates of Abu Dhabi Islamic Bank, UAE at ABL Head Office.
HE High Commissioner Mr. Golam Sarwar visited our Bukit Mertajam Branch, Pinang of Agrani Exchange House Sdn. Bhd, Malaysia.
In 2021, both the 31st and 32nd board meeting of Agrani Exchange House, Singapore held through
teleconference (Zoom meeting).
Celebration of International Women’s Day-2022.
Five Years
Performance
Crore Taka unless otherwise specified
“2020
Particulars 2021 2019 2018 2017
(Restated)”
Balance Sheet Matrix
Authorized Capital 2,500 2,500 2,500 2,500 2,500
Paid-up Capital 2,072 2,072 2,072 2,072 2,072
Reserve Fund 2,124 2,090 2,090 2,009 1,938
Total Shareholders’ Equity 4,057 4,080 4,243 4,159 4,073
Deposits 100,864 92,065 69,224 62,193 53,035
Loans and Advances 59,790 51,944 46,583 39,575 31,912
Investments 39,033 29,621 19,968 15,923 17,088
Fixed Assets 1,562 1,588 1,460 1,478 1,556
Total Assets 119,501 109,309 85,393 78,915 67,392
Total Off Balance Sheet Items 30,357 27,245 17,184 16,245 12,334
Interest Earning Assets 66,235 59,691 53,002 52,014 39,708
Non-interest Earning Assets 53,266 49,618 32,391 26,901 27,684
Income Statement Matrix
Interest income 3,504 3,119 3,459 3,231 2,253
Interest Expenses 4,266 3,140 2,825 2,339 1,818
Investment income 2,340 1,776 1,416 1,203 1,469
Non-interest income 818 665 511 388 449
Non-interest Expenses 1,748 1,758 1,661 1,651 1,540
Total Income 6,662 5,560 5,387 4,822 4,171
Total Expenditure 6,014 4,898 4,487 3,990 3,358
Operating Profit 648 662 900 832 813
Profit Before Tax 167 229 391 350 968
Net Profit After Tax 137 (14) 107 104 676
Capital Measures
Risk Weighted Assets 63,114 46,642 45,970 39,414 33,679
Going concern capital (Tier-1) 2,919 2,601 2,643 2,697 2,066
Gone concern capital (Tier-2) 1,843 1,941 1,965 1,279 1,382
Total Capital 4,762 4,542 4,608 3,976 3,448
Capital Surplus/(Deficit) (1548) (122) 11 35 80
Tier-I Capital Ratio 4.63% 5.58% 5.75% 6.84% 6.14%
Tier-II Capital Ratio 2.92% 4.16% 4.27% 3.25% 4.10%
Capital to Risk Weighted Asset Ratio Basel-III 7.55% 9.74% 10.02% 10.09% 10.24%
Credit Quality
Classified Loans 9,987 6,472 6,643 6,993 5,570
Provision for Unclassified Loans 1,176 1,148 1,146 322 394
Provision for Classified Loans 2,924 2,799 2,678 2,965 2,750
Provision for Contingent Liabilities 224 209 116 123 123
Percentage of NPLs to total Loans and Advances 16.70% 12.46% 14.26% 17.67% 17.45%
Five Years
Performance
“2020
Particulars 2021 2019 2018 2017
(Restated)”
Foreign Exchange Business
Import 39,922 24,874 38,841 23,551 13,267
Export 14,766 10,637 10,873 8,280 7,058
Remittance (Inward) 17,961 21,014 14,863 12,680 10,605
Operating Profit Ratios
Credit Deposit Ratio 59.28% 56.42% 67.29% 63.63% 60.17%
Cost of Deposit 4.22% 3.72% 4.05% 3.89% 3.48%
Cost of Brorrowing 7.06% 7.46% 6.12% 3.00% 0.91%
Administrative Cost 2.08% 2.77% 3.02% 3.33% 3.55%
Yield on Loans and Advances 6.46% 5.95% 7.18% 7.67% 8.38%
Spread 3.18% 3.03% 3.06% 3.60% 4.62%
Return on Assets 0.12% -0.01% 0.13% 0.13% 1.00%
Return on Equity 3.39% -0.34% 2.53% 2.49% 16.59%
Current Ratio 1.04 1.07 1.02 1.03 1.1
Performance Ratios
Profit per Employee (Million) 0.60 0.58 0.75 0.66 0.64
Operating profit as % of Working Fund 0.65% 0.79% 1.26% 1.28% 1.43%
Ratio of Fees Income 28.10% 23.89% 13.79% 10.20% 14.43%
Salary Exp. to total Overhead Exp. 67.35% 65.77% 67.32% 67.41% 69.79%
Cost to income/Efficiency Ratio 90.27% 88.09% 83.29% 82.75% 80.51%
Shares Information Matrix
No. of Shares Outstanding (Million) 207.23 207.23 207.23 207.23 207.23
No. of Shareholders 7 7 7 9 9
Earnings per Share (Taka) 6.63 -0.68 5.17 5 32.62
Net Asset Value per Share (Taka) 196 197 205 201 197
Other Information
Number of Branches 962 960 956 953 943
Number of Islamic Windows 31 15 15 5 5
Number of Subsidiary Companies 6 6 6 6 6
Number of Employees 10,750 11,389 12,051 12,656 12,798
Number of Foreign Correspondents 349 348 326 335 335
Five Years Performance
Graphical Presentation
Total Assets 119,501 Deposits 100,864

(BDT in Crore) 109,310 (BDT in Crore) 92,065
85,393
78,915 69,224
62,193
67,392
53,035
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Loans and Advances Import

(BDT in Crore) 59,790 (BDT in Crore)
38,841 39,922
51,944
46,583
39,575 24,874
23,551
31,912
13,267
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Export Remittance
(BDT in Crore) (BDT in Crore)
14,766
21,014
10,873 10,637 17,961
8,280 14,863
12,680
7,059 10,605
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Profit after Tax

(BDT in Crore) Total Shareholders’ Equity
676
(BDT in Crore) 4,243
4,159
4,080
4,073
4,057
137
104 107
(14)
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Return on Assets (ROA) Profit per Employee

(BDT in Lakh) 7.47
1.00% 6.58
6.35
5.80 6.03
0.13% 0.13% 0.12%

-0.01%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Return on Equity (ROE) Total Capital

16.59% (BDT in Crore)
4,762
4,608 4,542
3,976
3,448
3.39%
2.49% 2.53%
-0.34%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Number of Employees Net Interest Income

(BDT in Crore)
12,798
12,656
892
12,051 634
435
11,389
-21
10,750
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021 -762
Non Interest Income Non Interest Expenses

818
1,758 1,748
665
1,651 1,661
511
449
388
1,540
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Number of Branches Earnings per Share (EPS)(
32.62
962
960
956
953
943
6.63
5.00 5.17
-0.68
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Net Asset Value per Share Capital to Risk Weighted

Asset Ratio (CRAR)
205
10.24% 10.09% 10.02% 9.74%
201
7.55%
197 197
196
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
NPL Ratio NPL

(BDT in Crore)
17.45% 17.67% 16.70%

9,987
14.26%
12.46%
6,993 6,643 6,472
5,570
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
NPL Ratio Number of Foreign

(BDT in Crore)
Correspondents
17.45% 17.67 % 14.26% 12.46% 16.70%
349
51,944 59,790 346
46,583
39,575
31,912
335 335 326
9,987
5,570 6,993 6,643 6,472
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Total Loan Classified Loan NPL Ration
Horizontal Analysis
Balance Sheet
2021 2020 2019 2018 2017

PROPERTY AND ASSETS
Cash 119% 290% 118% 97% 100%
Cash in hand (including foreign currencies) 224% 148% 147% 103% 100%
Balance with Bangladesh Bank and its agent bank (including FC) 108% 305% 114% 96% 100%
Balance with Other Banks and Financial Institutions 80% 75% 89% 162% 100%
In Bangladesh 73% 65% 83% 163% 100%
Outside Bangladesh 193% 227% 186% 141% 100%
Money at Call and Short Notice 409% 859% 20% 26% 100%
Investments 228% 173% 117% 93% 100%
Government 209% 144% 81% 68% 100%
Others 340% 344% 322% 240% 100%
Loans and advances 187% 163% 146% 124% 100%
Loans, cash credit & overdraft etc. 187% 163% 146% 124% 100%
Bills discounted and purchased 221% 155% 174% 95% 100%
Fixed assets
103% 105% 96% 98% 100%
including land, building, furniture and fixtures
Other Assets 144% 138% 118% 112% 100%
Total Assets 177% 162% 127% 117% 100%
LIABILITIES AND CAPITAL
Liabilities
Borrowings from Other Banks, Financial Institutions and Agents 114% 106% 134% 170% 100%
Deposit and Other Accounts 190% 174% 131% 117% 100%
Current deposits & other accounts 197% 215% 146% 131% 100%
Bills payable 238% 176% 165% 159% 100%
Savings bank deposits 166% 146% 126% 110% 100%
Fixed deposits 202% 171% 125% 114% 100%
Other Liabilities 146% 131% 113% 115% 100%
Total Liabilities 182% 166% 128% 118% 100%
Capital/Shareholders’ Equity
Total Shareholders’ Equity 100% 100% 104% 102% 100%
Paid-up capital 100% 100% 100% 100% 100%
Statutory reserve 123% 119% 119% 109% 100%
General reserve 109% 109% 109% 103% 100%
Asset revaluation reserve 100% 100% 100% 100% 100%
Revaluation & amortization reserve 18% 122% 62% 88% 100%
Retained surplus/(deficit) 164% 276% 22% 66% 100%
Total Liabilities and Shareholders’ Equity 177% 162% 127% 117% 100%
Horizontal Analysis
Profit and Loss Account
2021 2020 2019 2018 2017

OPERATING INCOME
Interest and Revenue Income 156% 138% 154% 143% 100%
Interest Paid on Deposit,Borrowings etc. 235% 173% 155% 129% 100%
Net Interest Income -175% -5% 146% 205% 100%
Investment Income 159% 121% 96% 82% 100%
Commission,Exchange and Brokerage 198% 176% 104% 75% 100%
Other Operating Income 132% 135% 144% 123% 100%
Total Operating Income 102% 106% 109% 106% 100%
Operating Expenses
Salaries & Allowances 110% 108% 104% 104% 100%
Rent,Tax,Insurance,Light etc. 125% 118% 137% 124% 100%
Law charges 47% 49% 110% 112% 100%
Postage,Telegram & Stamp, telecommunication 69% 74% 109% 62% 100%
Stationery,Printing & Advertisement etc. 121% 105% 118% 110% 100%
Chief Executive’s Salary and fees 95% 114% 110% 112% 100%
Directors fees & allowance 98% 75% 83% 114% 100%
Auditors fees 119% 111% 111% 111% 100%
Depreciation & Repairs of bank’s assets 123% 99% 100% 111% 100%
Other expenditure 135% 173% 121% 127% 100%
Total Operating Expenses 114% 114% 108% 107% 100%
Profit/(Loss) before Amortization, Provision & Tax 80% 91% 111% 102% 100%
Amortization for valuation adjustment 0% 0% 0% 0% 100%
Profit/(Loss) before Provision & Tax 95% 109% 132% 122% 100%
Provision for Loans & Advance/Investments
Provision for loans and advances -25% -20% -91% -26% 100%
Provision for diminution in the value of Investment -103% -103% -103% 0% 100%
Other provision 118% 111% 58% 123% 100%
Total Provision -167% -150% -177% -167% 100%
Total Profit before tax 17% 32% 40% 36% 100%
Provision for Taxation
Current Tax 33% 46% 78% 122% 100%
Deffered Tax -252% 517% 311% -333% 100%
Net profit /(loss) after Tax 20% 9% 16% 15% 100%
Vertical Analysis
Balance Sheet
2021 2020 2019 2018 2017

PROPERTY AND ASSETS
Cash 3.83% 10.19% 5.29% 4.70% 5.70%
Cash in hand (including foreign currencies) 0.71% 0.51% 0.65% 0.49% 0.56%
Balance with Bangladesh Bank and its agent bank (including FC) 3.12% 9.68% 4.64% 4.21% 5.14%
Balance with Other Banks and Financial Institutions 5.23% 5.32% 8.12% 15.92% 11.54%
In Bangladesh 4.48% 4.36% 7.11% 15.09% 10.85%
Outside Bangladesh 0.75% 0.96% 1.01% 0.83% 0.69%
Money at Call and Short Notice 0.92% 2.12% 0.06% 0.09% 0.40%
Investments 32.66% 27.10% 23.38% 20.18% 25.36%
Government 25.48% 19.14% 13.87% 12.51% 21.61%
Others 7.18% 7.95% 9.52% 7.66% 3.75%
Loans and advances 50.03% 47.52% 54.55% 50.15% 47.35%
Loans, cash credit & overdraft etc. 49.54% 47.14% 54.01% 49.83% 46.96%
Bills discounted and purchased 0.49% 0.38% 0.54% 0.32% 0.40%
Fixed assets
1.34% 1.45% 1.71% 1.93% 2.31%
Other Assets 5.97% 6.29% 6.88% 7.04% 7.33%
Total Assets 100.00% 100.00% 100.00% 100.00% 100.00%
Liabilities
Borrowings from Other Banks, Financial Institutions and Agents 1.33% 1.22% 2.18% 2.98% 2.06%
Deposit and Other Accounts 84.40% 84.35% 81.07% 78.81% 78.70%
Current deposits & other accounts 19.75% 23.78% 20.53% 19.90% 17.82%
Bills payable 1.11% 0.90% 1.08% 1.12% 0.83%
Savings bank deposits 22.38% 21.49% 23.84% 22.47% 23.90%
Fixed deposits 41.16% 38.18% 35.61% 35.31% 36.15%
Other Liabilities 10.87% 10.58% 11.79% 12.94% 13.20%
Total Liabilities 96.60% 96.15% 95.03% 94.73% 93.96%
Capital/Shareholders’ Equity
Total Shareholders’ Equity 3.40% 3.85% 4.97% 5.27% 6.04%
Paid-up capital 1.73% 1.90% 2.43% 2.63% 3.07%
Statutory reserve 0.80% 0.91% 1.09% 1.08% 1.16%
General reserve 0.05% 0.06% 0.08% 0.08% 0.09%
Asset revaluation reserve 0.92% 1.00% 1.29% 1.39% 1.63%
Revaluation & amortization reserve 0.03% 0.19% 0.12% 0.18% 0.25%
Retained surplus/(deficit) -0.14% -0.20% -0.03% -0.09% -0.15%
Total Liabilities and Shareholders’ Equity 100.00% 100.00% 100.00% 100.00% 100.00%
Vertical Analysis
2021 2020 2019 2018 2017

OPERATING INCOME:
Interest and Revenue Income 52.59% 55.29% 64.22% 67.01% 54.01%
Interest Paid on Deposit,Borrowings etc. 64.03% 55.66% 52.45% 48.51% 43.59%
Net Interest Income -11.44% -0.37% 11.76% 18.50% 10.42%
Investment Income 35.12% 31.48% 26.29% 24.95% 35.21%
Commission,Exchange and Brokerage 10.11% 10.59% 6.56% 5.25% 8.14%
Other Operating Income 2.18% 2.64% 2.94% 2.79% 2.63%
Total Operating Income 35.97% 44.34% 47.55% 51.49% 56.41%
OPERATING EXPENSES:
Salaries & Allowances 17.67% 20.49% 20.75% 23.06% 25.75%
Rent,Tax,Insurance,Light etc. 1.68% 1.88% 2.29% 2.31% 2.15%
Law charges 0.02% 0.02% 0.05% 0.06% 0.06%
Postage,Telegram & Stamp, telecommunication 0.44% 0.55% 0.85% 0.54% 1.01%
Stationery,Printing & Advertisement etc. 0.30% 0.31% 0.36% 0.38% 0.40%
Chief Executive’s Salary and fees 0.01% 0.01% 0.01% 0.01% 0.01%
Directors fees & allowance 0.01% 0.01% 0.01% 0.01% 0.01%
Auditors fees 0.01% 0.01% 0.01% 0.01% 0.01%
Depreciation & Repairs of bank’s assets 2.44% 2.33% 2.45% 3.06% 3.17%
Other expenditure 3.68% 5.56% 4.06% 4.78% 4.34%
Total Operating Expenses 26.24% 31.17% 30.84% 34.23% 36.92%
Profit/(Loss) before Amortization, Provision & Tax 9.73% 13.17% 16.71% 17.26% 19.49%
Amortization for valuation adjustment 0.00% 0.00% 0.00% 0.00% 6.94%
Profit/(Loss) before Provision & Tax 9.73% 13.17% 16.71% 17.26% 16.30%
Provision
Provision for loans and advances 1.88% 1.81% 8.50% 2.67% -12.09%
Provision for diminution in the value of Investment 0.24% 0.19% -2.14% 0.00% -1.71%
Other provision 5.11% 5.68% 3.09% 7.32% 6.89%
Total Provision 7.23% 7.67% 9.44% 9.99% -6.91%
Total Profit before tax 2.50% 5.50% 7.26% 7.26% 23.21%
Provision for Taxation
Current Tax 1.34% 2.21% 3.90% 6.76% 6.43%
Deffered Tax -0.90% 2.18% 1.38% -1.64% 0.57%
Net profit /(loss) after Tax 2.06% 1.11% 1.99% 2.15% 16.20%
Alpha Credit Rating Limited (ACRL) has affirmed the rating of
CREDIT RATING the Agrani Bank Limited (ABL) on the basis of its financials up
to December 31, 2021, and other qualitative and quantitative
by Alpha Credit Rating Limited information up to the date of rating. The rating assigned by
them to the Bank is shown below :
Stand Alone
With Government Support
Date of Rating
26 July 2022
Date of Declaration: 26 July 2022
Valid Till
25 July, 2023 Valid Till : 25 July, 2023
Rating Mode Rating Mode:
Government Support
Without Goverment Support
Long Term Rating
AAA Long-Term Rating : A+
Short Term Rating Short-Term Rating: ST-2

ST-1
Outlook: Stable
Outlook
Stable
Rating Standard
‘AAA’ : Exceptionally Strong Capacity
‘ A+’ : Strong Capacity
‘ST-1’ : Superior Capacity
‘ST-2’ : Strong Capacity
Dear Shareholders
It is my great pleasure to welcome
you all to the 15th Annual General
Meeting of Agrani Bank Limited and
have the privilege of placing before
you the Annual Report and audited
financial statements of the bank for
the year 2021. The unprecedented
global crisis induced by the COVID-19
pandemic in early 2020, continued
through out the year 2021. Despite all
challenges, Agrani Bank Limited could
maintain a stable performance in
2021.
Dr. Zaid Bakht At the outset, I recall with profound
Chairman, Board of Directors respect the architect of our
Independence, the greatest Bangalee
MESSAGE FROM of all times, the father of the nation,
CHAIRMAN
Bangabandhu Sheikh Mujibur
Rahman. It is because of his visionary
leadership, Bangladesh came into
being as an independent state in the
world map. I also pay my tribute to the
martyred heroes of our liberation war
in 1971.
Year 2021 started with new banks has been playing a crucial role percent in 2021 and stood at Tk.
uncertainties as pandemic resurged to channelize stimulus packages to 14,766 crore from Tk. 10,637 crore in
in some parts of the world with priority sectors for maintaining the 2020.
outbreak of the Delta variant which vibrancy of the economic activities. However, in 2021 total remittance fell
eventually impeded the pace of The overall banking sector showed by 15% and stood at Tk. 17,961 crore,
global economic recovery. mixed performances in but consistent with the prepandemic
Nonetheless, global economy has September-December 2021 as level- which was Tk.14,904 crore in
gained momentum at a moderate reflected by a fall in the ratio of 2019. Classified loans of the Bank
pace, partly attributable to non-performing loans (NPLs) to total slightly increased in 2021 from the
incremental coverage of vaccination loans, a moderation in capital to previous year due to unfavourable
and better management of the risk-weighted asset ratio (CRAR), a business situation induced by the
pandemic. IMF estimated the global growth in banks advances, widening COVID-19. Nevertheless, percentage
growth at 6.1% for 2021. However, in provision shortfall, a rise in of classified loan in ABL is still less
global growth is projected 3.6% for profitability, and maintenance of than the other state owned
2022 as the war in Ukraine has adequate liquidity in the banking commercial banks.
disrupted the global supply-chain. industry. The ratio of gross NPLs to
total loans stood at 7.93% at the end In 2021 ABL could maintain a
With a real GDP growth rate of 6.9% moderate operating profit. In 2021,
in 2021, the economy of Bangladesh of 2021 from 7.66% at the end of
2020. Private sector credit growth operating profit of Agrani Bank stood
again proved it’s resilience. at Tk. 648 crore which was Tk.662
Bangladesh’s economy kept pace which faced sluggishness started to
pick momentum in the last quarter of crore in 2020. Though operating
with the global recovery in 2021. An profit slightly fell from the preceeding
extensive stimulus program and 2021. Domestic loan grew by 12.37%
at the end of December 2021 against year, Agrani Bank helped the
accommodative macroeconomic economy of the country to boost by
policies protected productive 9.91% at the end of December 2020.
fulfilling the target of government
capacity in the manufacturing sector However, a robust economic recovery stimulus packages. Agrani Bank also
and helped offset income losses. In in Bangladesh in 2021 is facing new facilitated various mega projects of
the service sector, retail sales, hotel, headwind, as higher global the country including the Padma
and restaurant activity rebounded as commodity prices exacerbate the bridge.
movement restrictions eased. After current account deficit and
declining in FY20, exports grew by inflationary pressure. Real GDP Our utmost priority is to safeguard
9.2 percent in FY21 with recovery in growth in FY22 is projected to the interest of our depositors and
global demand for RMG. Bangladesh decelerate modestly to 6.4 percent. stakeholders. We work towards
gained market share in Europe and Private investment is likely to recover providing excellence in customer
the United States, as buyers gradually, and the government is experiences consistently through all
diversified global supply chains. In expected to continue investing in our banking channels. Our priority is
addition to RMG, exports of home infrastructure projects envisioned to bring digital transformation at
textiles, pharmaceuticals, under the 8th Five Year Plan. process level so that customers can
engineering and agricultural products Remittance inflows are expected to feel more comfortable when dealing
also recorded strong growth. The grow with increasing outflows of with the Bank. We are committed to
imports of consumer goods also Bangladeshi migrant workers our mission of enabling growth and
increased by 56 percent in 2021. overseas, supporting growth in progress and will continue to be true
Public investment rose by 9 percent private consumption. to our values as we serve our clients.
in FY21 as government infrastructure In 2022 we will continue to focus on
Banking industry passed a control and risk management to
megaproject implementation challenging year in terms of
progressed. A gradual acceleration in ensure ABL’s position as a strong and
governance, capital adequacy, stable institution.
growth of credit to the private sector profitability and soundness in 2021
and a sharp increase in capital goods along with adverse effect of On behalf of the Board of Directors, I
imports demonstrate a continued COVID-19 pandemic. Despite convey my sincere thanks to the
recovery of private investment as intensified challenges, Agrani Bank stakeholders for having faith in us
well. Limited was able to keep consistency and choosing ABL for your bank. I
Driven by non-food components, in its major indicators. In 2021, would like to recognize the tireless
point to point CPI inflation exhibited deposits of Agrani Bank increased by efforts of our management team led
an upward trend reaching at 6.05% in 10 percent and reached Tk. 100,864 by the MD and CEO for helping us
December 2021. Twelve month crore from Tk. 92,065 crore in 2020. achieve our goals while building a
average CPI inflation was 5.55% in AD ratio of ABL increased to 59% in strong foundation for the future. We
December 2021. However, keeping 2021 from 56% in 2020. Total loans are grateful to regulators,
pace with rising international and advances of the bank in 2021 especially Bangladesh Bank for
commodity prices, inflation in stood at Tk. 59,790 crore as against their constant support and prudent
Bangladesh also showed a steady Tk. 51,944 crore in 2020, implying guidance all the way.
rising trend reaching 6.6 percent in nearly 15 percent growth.
March 2022 on a point-to-point basis. Forex business of the bank regained
Country’s gross foreign exchange momentum after the COVID-19
reserves stood at USD 46.15 billion at Dr. Zaid Bakht
shock in 2020. Total import increased
the end of December 2021 compared Chairman
by 60 percent to Tk. 39,922 crore in
to USD 43.17 billion of last year. The Board of Directors
2021 as compared to Tk. 24,874
Since the COVID-19 pandemic, the crore in 2020. Total export for the
banking sector, specially state owned bank substantially increased by 39
Managing Director and CEO
Overview of
Managing Director
and CEO
Assalamu Alaikum,
I am delighted to extend a warm welcome to all of you for attending the 15th Annual General Meeting of
Agrani Bank Limited. At this moment of pride, I would like to share my sense of satisfaction with the overall
performance of our bank. I am pleased to report that Agrani Bank Limited has demonstrated great resilience
in a uniquely challenging year in 2021 when there was unprecented global turbulence with recovery from
COVID-19 across the world. We have multiplied our net profit and produced our best results in different
indicators compared to those of the previous year.We would not have done it without the whole hearted
support and guidance of our honourable Board of Directors, confidence of our valued customers and
cooperation of the stakeholders. I would like to state my gratitude for your sustained support during the
period of turbulence. I am presenting this annual report of 2021 to you amid a happy time as the opening of
our pride Padma Bridge, the largest bridge in Bangladesh has brought exuberance and excitement to the
nation. I feel proud to be a humble witness of this historic moment in this year as the Padma Bridge was
opened on 25th June 2022 which has unveiled a new dawn in the development and communication of
Bangladesh. Our beloved country has made an epoch-making story of "Padma Bridge", whose unquestioned
architect and dreamer is our Prime Minister. It is Sheikh Hasina's political will that lies at the core of the
Padma Bridge becoming a reality. It was Her single-minded determination to build it and the courage to
overcome many of the odds. The Padma Bridge is the symbol of pride, hope and aspiration of the nation.
Depending on the incomparable determination of our Prime Minister Sheikh Hasina, a new era of growth and
development has opened up in Bangladesh. It is my blissful pleasure that ABL is the sole supplier of foreign
currencies to this mega project. I am feeling proud to say that ABL has provided 1.40 billion US Dollar for
realizing this dream project into reality. We did not have to buy any foreign currencies from the reserve of
Bangladesh Bank to finance the project.
This year we are also witnessing a serious geopolitical tension between Ukraine and Russia which has
worsened. With the Russian invasion of Ukraine, war has returned to the heart of Europe. Although we
cannot yet fully assess the full impact of this war on the political world order and on the global economy but
certainly we are about to face prolonged serious economic crises in near future.
Thoughout the year 2021 we In line with the golden jubilee of & no cost and high cost deposit
experienced a global pandemic Bangladesh, we have decided to stood 51% and 49% in 2021.
and recession owing to corona and celebrate 50 years of our glorious Because of such cost reduction,
omicron outbreak. ABL weathered and epic journey from 1972 till the Bank would offer loans to
this storm successfully and was 2022. Agrani Bank came into good corporate borrower at highly
able to ensure sustainability.2021 being following the president’s competitive rates that contributed
was another strong year for ABL order no 26 of 1972 comprising to moderate business growth.
as the Bank gathered very healthy all assets and liabilities of former
revenue as well as delivered Habib Bank and Commerce Net Profit after Tax (NPAT)
credible performance in each of Bank. This bank was named by We made net profit of BDT
our lines of business. We earned the father of the nation and the 137.49 crore (1.37 billion) in 2021
total revenue of BDT 6,662 crore best Bengali of a thousand years because of target-oriented and
which is 19.82% higher than the Bangabandhu Sheikh Mujibur pragmatic measures taken by
previous year. We have made a Rahman. This year, the Bank has the Management which was
history of collecting deposit and stepped into 50 years of pride (14.06) crore in 2020. Net profit
for the first time ever, the Bank and glory. We, as Agranian have reached a new high on the back
has reached the milestone of 1 lac decided to celebrate 30 July 2022 of stellar performance in wealth
crore deposit. Our total loans and as “Agrani Day” for all day long and loan related activities. With
advances stand on BDT 59,790.29 to commemorate this event of proactive and prudent balance
crore that shows a growth of exaltation in a colourful and festive sheet management net income
15.11% from the last year. This mood. rose to a commendable position
shows the Bank has not shield which grows 1077% more than the
away from contributing towards A SYNOPSIS OF OUR previous year. The combination
the economy even during the PERFORMANCE DURING THE of cost discipline, investments
adverse situation and contributed YEAR 2021 in our strengths and consistent
to keeping the wheels of our implementation of our strategy
economy running. We faced the Operating Profit put us on a healthy and sustainable
pandemic situation from the Firstly corona pandemic and growth path.
position of strength through our later outbreak of omicron had
long term focus, disciplined growth a prolonged effect on banking ROE
and proactive risk management industry. The pandemic has We were able to register growth
system. caused serious disruptions to in profitability ratios. At the end
the banking industry of the of 2021, Return on Equity (ROE)
As dawn removes the darkness
country. Consequently, the bank’s stood at 3.39% which shows a
some happy events take away
operating profit stood at Tk.648.13 positive trend.
all despair from mind all at once.
crore (6.48 billion) in 2021 which
2021 is such a year of great EPS
was Tk. 662.20 (6.62 billion) crore
events and achievements also.
in the preceding year. Earning Per Share (EPS) stood
2021 marked a significant year
at BDT 6.63 in 2021. These
in the calendar of Bangladesh. Interest Income growth rates indicate the trend of
The country celebrates golden Although the Government has profitability. EPS is the portion of
jubilee of independence this stipulated loan rate at a lowest company’s profit allocated to each
year. We also celebrated the 9%, we were able to earn healthy outstanding share manifesting
birth centenary of our Father of interest income. We earned a Bank’s profitability.
the Nation Bangabandhu Sheikh sound interest income of BDT
Mujibur Rahman whose dream 3,503.64 Crore (35.04 billion) NPL Management
was to build “Sonar Bangla” that in 2021. We will focus on quality
now every Bangladeshi cherishes. Total loans & advances was Tk.
growth and diversification of loan 59,790.29 crore (597.90 billion)
The third significant event that portfolio to offset some downward
made every Bangladeshi proud classified loan Tk. 9,987.30 crore
pressure on interest rate and and the percentage of classified
is our graduation from LDC unfavorable effect of Covid-19.
(Least Developed Country) to DC loan 16.70% of total loans &
(Developing Country) as United advances at the end of year 2021.
Expenses
Nations General Assembly (UNGA) Comparing with the year 2020,
We focused on cost control and the total loans & advances has
adopted the resolution on the
extreme austerity and restricted increased tk. 7,846 crore. Various
graduation of Bangladesh from
some areas of expenditure efforts/steps were taken by
LDC category. This is a landmark
throughout the year. As a result higher executives to field level
achievement in Bangladesh’s
our continuous effort, total employees to keep classified
development journey which happily
expenses decreased from the last amount at an optimum level. The
coincides with the anniversary
year. We aim to keep our cost-to main focus was on the intensive
of Bangladesh’s independence.
income ratio stable with our paced and strict follow up in respect of
All these splendid achievements
investment approach. recovery of previous classified and
have been possible under the
charismatic and pragmatic overdue loans along with arresting
Deposit Mix new classification thereof. To
leadership of the quite competent
By improving the deposit mix, the reduce the classified loans and
daughter of Bangabandhu and our
Bank was also able to reduce the arresting new classification,
Honourable Prime Minister Sheikh
cost of deposit. The ratio of low higher authorities have enhanced
Hasina.
intensive supervision and strict efficient management. capital. Our Common Equity (Tier-I)
follow-up at the field level. To bring remained strong at 4.63%.
down the amount of classified and Good Governance and Compliance
written-off loan of the Bank to a Good corporate governance Foreign Remittance-Anecdote of
logical level, financial incentives provides the foundation for a Success
were provided for the greater healthy organization. It sets the Inward foreign remittance plays
motivation of the executives and tone as to how the organization a pivotal role in the economy of
officers and separate committees, operates and behaves. Our Bangladesh to be an emerging
including executives and officers honorable Board of Directors tiger in this region. Considering
were formed. We are continuously plays a pivotal role in shaping contribution to our foreign
toiling to keep the classified loan currency reserve foreign
governance structure and
to a lowest level. remittance plays a key role in our
practices to drive the Bank to
growth path. Our utmost priority economy. Remittance is not only
Deposit, Loans & Advances
has always been to safeguard the a major contributor to our foreign
We upheld our monumental and exchange reserve but also helps to
interest of our depositors and
muscular deposit position up develop per capita income, women
stakeholders. We continue to
by 9.56 per cent over the last empowerment and employment
work closely with the regulators
year to BDT 100,864.39 crore opportunities and allow our
to ensure compliance in every
(1008.64 billion). For the first time Government to undertake mega
aspect. Our focus during 2021
in the history of Agrani Bank, our development projects in our
was to conduct businesses
deposit has crossed the milestone country. Agrani Bank is always
prudently keeping ourselves
landmark of one Lac crore. This playing a pivotal role to collect
within regulatory framework. Our foreign remittance through
is an outstanding and historic
corporate governance framework, banking channel by discouraging
achievement of ABL on the eve of
policies and procedures built Hundi and other illicit channel. It
the Golden Jubilee of Agrani Bank
up over the years assisted by has a huge and smart distribution
as well as the country. Loans and
the Board and the Management network to deliver the remittance
Advances stood at BDT 59,790
to manage the business with of our expatriates to their family
crore (5,979 billion) in 2021 with a
prudence having identified the members as well as kith and kin
growth rate of 15.11% over 2020.
relevant risks and opportunities. in a time effective way. We have
Advance Deposit Ratio (ADR)
This structure and sound established alternative payment
was 59.28%. Though people and
governance approach enabled the channel besides conventional
businesses were reluctant to avail branch banking system by setting
management to exercise a high
loans because of uncertainty off Agent Banking and Remittance
level of oversight.
resulted from Covid-19 and Only Points (ROP) to reach our
changed economic scenario of the ABL maintained surplus liquidity beneficiary’s at their doorstep.
world, we were able to increase throughout the year 2021. Beside these, Agrani Bank has
ADR by 2.86% because of our Generally Advance-Deposit Ratio provided 1% extra incentive,
diversified loan portfolio and (ADR), Cash Reserve Ratio (CRR) Agrani Bidesh Jawar loan, Agrani
prudent asset management. We and Statutory Liquidity Reserve Ghore Fera loan facility including to
continued to manage actively and (SLR) are used to show the liquidity open Wage Earners Development
to optimize our asset-liability mix. position of a bank. Apart from this Bond, Dollar Bond etc. from the
The gradual upward propensity of home country to inspire the
Liquidity Coverage Ratio (LCR)
deposit shows the trust that our remitter. Direct supervision of
and Net Stable Funding Ratio
depositors repose on us which Management, vibrant support
(NSFR) are also used to obtain
makes us confident to fund more from Head office and branch
a view of the liquidity scenario level, time bound payment facility
to the borrowers.
of a bank. ABL were able to & cutting edge technological
Total Assets maintain regulatory requirement integration make us distinct from
of CRR (4.00 percent by-weekly other banks. Subsequently, we are
The year 2021 has been a year
basis) and SLR (13.00 percent). holding top position among the
of success for ABL. We decided
Regulatory capital requirements State Owned Commercial Banks
to accelerate quality asset right
are necessary to prevent banks for consecutive 11 (Eleven) years in
through the year. The Bank’s total
from expanding beyond their limit Bangladesh. Agrani Bank has been
assets increased by 9.32% owing awarded different prizes such
to improve the quality of bank’s
to robust growth in loans and as Bangladesh Bank Remittance
assets, to control the ability of
advances. Our total asset mounted award, International Migrant
bank’s leverage to their growth
up to BDT 1,19,500.87 crore day remittance fair award from
and to lead to higher earnings
(1195.00 billion) in 2021 which was Ministry of Expatriates, Welfare
BDT 1,09,309.56 crore (1093.09 on assets, leading to peace of
& Overseas Employment, and
billion) in 2020. We were able to mind of all the stakeholders. The
remittance award from Centre for
boost our asset significantly over Bank keeps a careful check on
Non Resident Bangladesh etc. for
the year. We were able to refurbish its capital adequacy ratio. Our its outstanding performance in
the positive trend of Return on capital position remained healthy. remittance collection. To keep it up
Asset (ROA) compared to former Despite several constraints on and our stride is to grab a large number
years. ROA stood at 0.12% percent challenges in operation, the Bank of remittance customers through
which is attributable to our has been able to maintain7.55% as network expansion, technological
development and continuous Singapore which helps the NRB of superintendence, consolidation
hassle free specialized customer Singapore to send the remittance of various information along with
service. by staying home during Covid-19 other necessary jobs performed by
pandemic situation. The Monetary the Bank. Some of the important
Total Remittance earning of Authority of Singapore (Central softwares are-
Agrani Bank Limited in 2021 is Bank of Singapore) has honored • Integrated On-line MIS- Affairs
USD 2093.28 million. Agrani to provide a Fintech Award to Consolidation
Bank is tied-up with 85 Banks introduce this Mobile App for
and Exchange Houses all over the • Web Based On-line MIS (WMIS)
the remittance collection.Most
world. Introducing Remittance importantly ABL is giving 1% • ‘ISS’ software for reporting ISS
Only Point in December 2017 extra over 2% incentive declared statement
as a pilot project, Agrani Bank by the Government on foreign • Online Inventory Software
Limited successfully launched remittance. • Online CIB Enquiry and
355 Remittance Only Point (ROP)
Reporting Software for CIB
in December 2021. Remittance
Import-Export enquiry
Only Points (ROP) have been
paying remittances 7 days in a Export and import of the • Collateral Security & Mortgage
week (Excluding Government country were sluggish due to Property Management
holidays) from 10.00 am to 8.00 the worldwide pandemic and • Closing Software- Half yearly/
pm. Total number of remittance most of the country shut down Yearly closing statement
paid through Remittance Only international business for a certain preparation software.
Point (ROP) in 2021 is 17,521 and time. ABL has bounced back
quite splendidly after the initial • Comprehensive Audit Software
the total amount is BDT 78.52
crore. In 2021 Agrani Bank Limited slowdown. Import of the Bank was • Risk based Audit Software
has started remittance business BDT 39,922 crore (399.22 billion) • LSIS (Legal Suit Information
with Aftab Currency Exchange Ltd. which is 60% higher than the last System).
UK, Gmoney Trans, South Korea, year. Besides export was BDT
• Online Exams and Training
Terrapayment services, Mauritius, 14,766 crore (147.66 billion) which
Material Archiving
World Wide West 2 East Services shows a growth of 39% over the
Ltd. (Sha Globa), UK and BFC preceding year. ABL has put in a To make the banking service more
Bank Ltd. UK. Agrani Bank has got lion’s share to export and import paperless, fast and automatic, with
approval to tie-up with Purshottam business of Bangladseh. the help of “DOER” organization,
Kanji Exchange, Oman, NBL Money ABL has started the service of
Credit Rating “Smart Banking”. “DOER Services
transfer, Maldives, Dar Exchange,
UAE, Zamzam Exchange, Jordan Considering ABL a 100% State- Limited” is a service providing
and PBL Exchange, UK from the owned Commercial Bank (SCB) company which helped by
Central Bank in 2021. We have tied and highly integrated Government providing Apps and Web based
up with “Upay” a Mobile Wallet Supported Entity (GSE), the Credit Internet Portal of “Smart banking”.
service of Bangladesh for the Rating company, in its surveillance The initial facilities of “Smart
remittance disbursement. Agrani rating , affirmed its ‘AAA rating in Banking” are:
Bank Limited had successfully the Long Term and ‘ST-1’ rating • Self-Registration
conducted four promotional in the Short Term. The highest
ratings have been assigned • Assist Registration
programs to enhance remittance
business. During the promotional in consideration of implied • Fund transfer own account
campaign, Agrani Bank Limited commitment of the Government • Fund transfer (intra)
has on boarded 12,466 new of the Peoples’ Republic of
• Account Statement
accounts of remittance Bangladesh to the Bank to extend
its support through policy and • Customer Details
beneficiaries. After launching API
based remittance payment system other matters to address any • Balance Inquiry
in 2018 we are successfully adverse situation. • Transaction history
collecting remittances from 29 • Beneficiary management
Exchange Houses through API. Digital Progress-A journey
Having agreement with bKash towards future Gradually NBPS, Utility Bill, mobile
in 2019 we are successfully We are proud that Agrani Top Up, Merchant payment and
paying remittance of Agrani Bank was the first among the e-Commerce payment will be
Exchange House, Singapore, commercial banks in this country added in this app. To help the
Global Money Express, South to introduce computer-based customers for Opening account
Korea, Aftab Currency Exchange technology. Agrani Bank Limited digitally, a mobile app named
Ltd. UK, Gmoney Trans. South has grown significantly over “Agrani eAccount” has been
Korea, K& H Remittance Services, the years in branch automation. developed by experts of IT & MIS
Brunei, Placid International Till date all the branches (967) Division. Recently, along with
through bKash wallet. In the became computerized, where they account opening, remittance,
are operating under CBS (Core bKash, cash deposit, EFT, RTGS
birth centenary of Bangabandhu
Banking Software). have been introduced this app.
Sheikh Mujibur Rahman (17-03-
2020) we launched remittance Moreover different types of in- Payroll & staff data card software
App in our subsidiary company- house Web Based Software have is used in staff salary calculation,
Agrani Exchange House, Pvt. Ltd. been introduced for Head Office salary fixation, yearly increment
calculation, salary sheet/pay designing its’ CSR (Corporate Implementation of CMSME
slip preparation, staff data card Social Responsibility) activities Incentive Package
info collection and preservation into green banking practices. As The CMSME sector affected by
for HRM activity effectively and per instruction of Bangladesh the novel Corona virus (Covid-19)
efficiently. Moreover, Annual Bank, Green Banking Division was instructed to implement a
Confidential Report (ACR) of is renamed as sustainable special incentive package of Tk
employees is also being managed Finance Division on 26/02/2017. 20,000 crore announced by the
by this software. A good number of officers and Honourable Prime Minister. In
Executives have been trained this case, Agrani Bank Limited
The Board of Directors of the
on Sustainable & Green Banking has disbursed loans in 1st phase
Bank has approved installation of
training programs held in BIBM worth Tk 977.13 crore among
100 ATMs by ABL’s own source
and ABTI. Persons who are 10083 entrepreneurs and in
& management of which 56
directly involved in developing 2nd phase(upto 31/12/2021)
ATMs have been lodged already
‘Sustainable Finance Policy’ are worth Tk. 338.31 crore among
and the rest are under process.
invited to train our officials so 3200 entrepreneurs . In the
Recent years,1 lakh 55 thousand
that they can clearly understand package, we prioritize women
debit cards had been issued and
the concept. ABL financed enterpreneurs. Consequently,
the number is counting. Money
876.16 crore in green financing in the 1st phase Tk.56.37 crore
withdrawal and POS transaction
and we also invested 2351.43 have been disbursed among 737
can be done by this debit card.
crore in sustainable agriculture women entrepreneurs and in the
Furthermore, ABL has plan to
and sustainable CMSME and in 2nd phase (up to 31/12/2021)
provide credit card service.
other sustainable linked finance. disbursement amount was Tk
Agrani Bank Limited has 39.93 crore against 727 women
developed an informative Boosting up SME Activities entrepreneurs.
website containing description The Government of the People’s
of its various products, services, Republic of Bangladesh has put Contribution to State Revenue
annual accounts, citizen’s charter special emphasis on SME sector ABL also have a say to enhance
and other up-to date information for development of the Country. the state revenue by collecting
about the Bank. ABL is untiringly working to and depositing VAT, tax and
build up hunger & poverty excise duty to the government
Sustainable Banking and Financing free society as per present treasury in the fullness of time
Sustainable banking is a Government’s commitment. To and fittingly. In 2021, the Bank
strategy that refers to banking make a fruitful realization of the deposited BDT1,084.16 crore
and investment practices that promise, ABL has disbursed Tk. (10.84 billion) which was BDT
pursue profit, while prioritizing 6,307.10 crore on cottage, micro, 877.22 crore (8.77 billion) in 2020
social responsibility and/or small and medium industry/ as VAT, tax and excise duty in the
environmental sustainability. A enterprise in the year 2020.In state exchequer. This reflects our
new “triple bottom line” approach the year 2021 BDT 10,559.12 fair and unswerving commitment
to banking contextualizes the crore has been assigned as to national development.
relationships between profit, SME loan disbursement target.
social equity and environmental In this goal TK. 1,372.69 crore Ensuring omnipresence in the country
accountability. Sustainable has been reserved for women Our branches are tactfully spread
Financing includes green Entrepreneurs. A Memorandum in a honeycomb network across
financing, sustainable CMSME, of Understanding has been Bangladesh. Nevertheless,
sustainable agriculture, signed with the BWCCI to ABL is moving to the fore to
socially responsible finance, increase the flow of credit ascertain our omnipresence in
capacity building, inclusion between women entrepreneurs. the country by taking advantage
of technological assistance, Special attention will be of the steady growth of
monitoring etc. It evaluates all given to increase financing in Bangladesh. ABL is intensifying
the factors before giving the environment friendly, agro based its countrywide connectivity
loan whether the project is & agro processing industries, by continuously developing its
environment-friendly and has any labor intensive & production branch networks. The number of
implication on the future people oriented enterprise, production of branches of ABL reached to 968
and planet. import substitute commodities, till date. We have a plan to set up
export oriented enterprises, a number of branches in several
Agrani Bank Limited started creative new enterprises, IT & vicinities of the country to meet
its Green Banking activities technology related enterprises. up community need.
in the year 2011 by forming a Beside this, necessary steps will
‘Green Banking Unit’ under its be taken time to time to gear Taking Care of Our Human Asset
Rural Credit Division. From 9th up overall SME activities so that Appreciating that our people are
September 2013, it has been the performance of Agrani Bank our greatest asset and that we
upgraded into a separate and Limited will be pioneer to all in needed to step up our support for
independent division named developing SMEs. ABL founded them in these uncertain times,
as ‘Green Banking Division’. As a subsidiary named “Agrani SME we helped them to develop
a good corporate citizen, ABL Financing Company Ltd” for the a wellness approach to their
is upholding environmentally betterment and development of personal and professional well-
responsible practices through SME sector in Bangladesh. being. Several programmes and
instructions for safety have been Agrani Bank Limited (ABL) is one of position of strength is what fuels
rendered to our staff from time to the first few banks in distributing our optimism for the coming
time. government stimulus fund to years. We are optimistic about the
customers and businesses to cope prospects posed by the country
Attracting the right talent and with an economy of turbulent time are anticipated economic growth
preparing our people to be future and to minimize mayhem caused and the year 2022 have brought
ready are part of our business by the pandemic and regenerating with it a renewed sense of hope. To
strategy. At ABL, we foster a and restructuring the business achieve the said targets for 2022
work culture which enables us with full swing. Exceptional times we will continue to strengthen our
to attract and to retain the best call for exceptional handling. technology and service standards
talents. We believe in growing our Given the extent and effects of along with operational process
own timber and creating a cohort the pandemic, the Board and to ensure our customer’s choices
of future industry leaders with a Management worked swiftly to and expectations. We have been
firm mindset to carry our business address the immediate impact building a sustainable business
deeper and further. We want our on our stakeholders. We actively with resilient asset quality. The
people to ride the technology supported the measures taken by ongoing transformation of our
wave and to remain responsive to the Government to curve the effect business will provide us the
our customers always. As such, of Covid-19 throughout the country. foundation from which we can
we launched several programs for share a better future with our
the betterment of our workforce. Striving for Excellence stakeholders.
We have tried to keep our We reshaped our business
employees engaged in learning strategy in 2021 to curve the Acknowledgement
and development activities adverse effect emanating from On behalf of the Board, I would
through webinars, e-learning and Covid-19. We shall make any like to thank our respected
self-certification programs during change needed to continue our shareholders, valued customers,
the pandemic. We want to develop better performance and geared business partners, patrons &
simple ways of working and equip up to face any challenges in the well-wishers for standing by
our colleagues with the future upcoming days. Our quest and us & reposing their complete
skills they need. Measures are also endeavor for excellence will never confidence & trust for all these
taken to ensure the utmost safety cease. Our untiring effort to make years which is great source of
of our employees while performing best result in the industry will get enthusiasm of all times. I look
their duties during COVID-19 momentum. As we look forward forward to your continued
pandemic. to coming years, we are confident support as ABL focuses on
of doing our best to enhance our building a sustainable future for
Recuperation from Covid-19 customers’ values by providing all. I would like to convey sincere
COVID-19 poses ruthless threat to comprehensive personalized thanks & gratitude to the Govt.
human lives with little knowledge banking service in a world with of Bangladesh, Bangladesh
about its nature, ability and ways changed scenario and introducing Bank & other regulatory bodies
to afflict individuals at the initial innovative, techno-savvy banking for their sagacious guidelines
stage of outbreak but we were products. in our journey of excellence. My
fully alert to our customers’ needs heartfelt appreciation goes to
irrespective of time and place and Outlook 2022
honourable chairman & Board
kept majority of our branches open It is our goal to create value of Directors for their prudent
and equipped our ATMs to provide for all our stakeholders, for our policy guideline, dynamic support
access to emergency cash. As customers, for our employees and & inspiration in achieving
a bank we are doing our best to for the society as a whole. We have momentum of transformation.
ensure safety of our employees and set for ourselves an ambitious Finally I would like to thank
customers and have been following set of goals, and we know how to all my devoted, hardworking,
government and WHO Corona virus achieve them. By strengthening benevolent colleagues of all
safety protocols since the outbreak our position as a “Local Hausbank”, levels and the management for
of the pandemic. We are regularly we have laid the foundation. If we their dedicated service to forge
maintaining all hygiene measures implement the same discipline ahead in interest of our bank.
in all our branches and divisions we have shown our strategy since 2021 achievements would not
of head office to protect our 2021, we will become exactly what have been possible without
employees and customers as much you expect us to be: a strong bank the unwavering commitment,
as possible. As front liners, all of our playing a leading role in shaping collaboration, care & energy
staffs were vaccinated from the the future of banking. of our people & management.
very beginning of the vaccination Indeed all these achievements are
programme. For the wellness of our We can quote a famous line from testament of our commitment,
staff, we conducted some health Percy Bysshe Shelley-“If winter care & enterprising spirit towards
programmes amid the pandemic. comes, can spring be far behind”. customers.
We are encouraged our customers Though we are passing through
to use Alternative Delivery Channel critical period of geopolitical
(ADC). Bangladesh Bank promptly turmoil and great economic
responded by declaring stimulus imbalance throughout the world
packages for businesses to we have not lost all our hopes Mohammad Shams-Ul Islam
counteract the sluggish economy. to revive soon like Shelly. This Managing Director and CEO
Management
Discussion & Analysis
2021
Financial Highlights 73-75

Comparative Analysis 76-77
Graphical Presentation 78-79
Segment Analysis
80-81
Future Outlook
82
Management Discussion & Analysis
Performance Review -2021
Financial Highlights
Total Operating Income (BDT In Crore)

2,561 2,420 2,396
2,353
2,483 3,158
2,441
Total Operating Income
1,918
1,591
1,927
Total operating income showed BDT 2,396
892 decline (0.99)% to BDT 2,396 crore
634
435
(21) (762) crore. (0.99)%
2017 2018 2019 2020 2021
Net Interest income Non-Interest income Total
Operating Profit
(BDT in Crore)
900
813 832 Operating Profit
Operating profit stood at BDT 648
648
662 648
crore which is 2.11% less compare BDT
to the previous year. crore
(2.11)%
2017 2018 2019 2020 2021
Net Interest Income

(BDT in Crore)
892
634
435
Net Interest Income
Net interest income decline
-21 (3528)% to BDT (762) crore from a BDT (762)
2017 2018 2019 2020 2021 year ago due to lower net interest crore
margin and lower recovery against (3528)%
loans & advances.
-762
676 Profit after Tax

(BDT in Crore)
Net Profit after Tax

The Bank reported net earnings of
BDT 137.49 crore in 2021, which is
(1,078)% higher than the preceding BDT 137 crore
year. (1,078)%
137
104 107
(14)
2017 2018 2019 2020 2021
NPL Recovery
The Bank has developed ability to
NPL Recovery
pull down the amount of NPL through
NPL Recovery
(BDT in Crore) 2,794
cash recovery of BDT 219 crore,
regularization of BDT 481 crore and
BDT 720
crore
1,875
writing off BDT 20 crore. In 2021, the (23.81)%
total recovery of NPL amounted to BDT
720 crore, which was BDT 945 crore
1,138
945
in 2020. NPL recovery growth rate
720 recorded by 23.81% lower than previous Cash Recovery
year.
BDT 218 crore
NPL Cash Recovery
2017 2018 2019 2020 2021
Cash recovery increased to BDT 219
(46.83)%
crore which is 0.46 % higher than a year
ago.
Customer Deposits/ Loans Customer

Customer deposits grew 9.56% to Deposits
Customer Loans/Deposits BDT 1,00,864 crore, led by growth in BDT
(BDT in Crore) 67%
deposits especially in no and low-cost
60%
64%
56.%
59%
deposits. 1,00,864
100,864 crore
92,065
+9.56%
69,224
62,193 59,790
53,035 51,944
46,583
39,575
31,912 Customer loans grew 15.10% from a
Customer Loans
year ago to BDT 59,790 crore in 2021
because of quality loan disbursement.
BDT 59,790
2017 2018 2019 2020 2021
crore
Loans Deposits AD Ratio (%)
+15.10%
The Bank’s funding position continues Loan/Deposit

to be strong with a healthy loan-to- Ratio
deposit ratio at 59% in 2021.
59%
Loans By Geography
Loans and Advances: Percentage 2021
Gross loans grew 15.11% year-on-year
Dhaka Region, 66.17%
to BDT 59,790 crore as at 31 December
Chittagong Region, 4.84%
Khulna Region, 7.07%
2021.
Rajshahi Region, 5.36%
Barisal Region, 1.88% Dhaka region which accounted for 59,790
Sylhet Region, 1.62% 66.17% of the total loan reported 14% crore
Rangpur Region, 4.59% growth year-on-year to reach BDT +15.10%
Mymensign Region, 4.58% 39,563 crore while other regional
Comilla Region, 2.24%
average growth of 17%.
Faridpur Region, 1.64%
16.59% Return on Equity (ROE) Shareholders’ Equity/Return on Equity
Shareholders’ equity decreased (0.56)% Shareholders’ Equity

from the last year to BDT 4,057 crore as
at 31 December 2021. BDT 4,057
crore (0.56)%
3.39%
2.49% 2.53%
Return on Equity
2017 2018 2019

-0.34%
2020 2021
Return on equity is 1.49% for 2020. 3.39%
Total Assets/Return on Assets
1.00%
Return on Total assets grew 9.32% to BDT BDT
Assets (ROA) 1,19,501 crore in 2020 mainly on higher
loan volume. 1,19,501
crore
+9.32%
0.13% 0.13% 0.12% Return on assets for 2021 recorded to Return on Assets
2017 2018 2019

-0.01%
2020 2021
0.12%.
0.12%
Total Capital (BDT in Crore) 4,762

Capital Adequacy Ratio (CAR)
CET-1 CAR
4,608 4,542
3,976
3,448
2,697 2,643 2,601

2,919
The Bank has been able to maintain
4.63% capital in form of Common Equity
4.63 %
2,066
1,965 1,941 1,843 and finally to maintain 7.55% as capital
1,382 1,279
against the minimum requirement of
10% of total risk weighted assets as per total CAR
2017 2018
TIER-1 (Core capital)
2019 2020
TIER-2 (Supplementary)
2021
requirement of Basel-III Accord
7.55%
Total Capital
Comparative Scenario
Comparative Analysis
Particulars 2021 2020 Change
Performance during the year

Interest revenue 3,503.64 3,118.96 12.33%
Interest cost 4,265.66 3,140.00 35.85%
Net interest revenue (762.02) (21.04) 3,521.77%
Income from investment 2,340.04 1,775.93 31.76%
Other operating revenue 818.48 665.45 23.00%
Total operating revenue 2,396.50 2,420.34 (0.98%)
Salary & allowances 1,176.94 1,155.77 1.83%
Other operating cost 571.43 602.37 (5.14%)
Total operating cost 1,748.37 1,758.14 (0.56%)
Profit before amortization, provision and tax 648.13 662.20 (2.12%)
Provision for loans and advances 125.00 101.94 22.62%
Other provision 356.42 330.72 7.77%
Profit before tax 166.71 229.54 (27.37%)
Provision for tax (with deferred tax effect) 29.22 243.60 (88.00%)
Net profit after tax 137.49 (14.06) (1,077.88%)
Paid up capital 2,072.29 2,072.29 0.00%
Total shareholders’ equity 4,057.07 4,080.05 (0.56%)
Deposits 100,864.39 92,065.47 9.56%
Total contingent liabilities and commitments 30,356.68 27,244.88 11.42%
Loans and advances 59,790.28 51,944.08 15.11%
Amount of classified loans 9,987.31 6,472.49 54.30%
Provision kept against classified loans 2,924.03 2,799.39 4.45%
Investments 39,033.06 29,620.93 31.78%
Interest earning assets 66,235.09 59,690.92 10.96%
Non interest earning assets 53,265.78 49,618.64 7.35%
Fixed assets 1,561.78 1,587.82 (1.64%)
Total assets 119,500.87 109,309.56 9.32%
Comparative Scenario
Profitability and Performance Ratios
Sl. No. Particulars 2021 2020
1 Net Interest income Ratio (21.75%) (0.67%)
2 Operating cost-Efficiency Ratio 26.23% 31.17%
3 Return on Capital Employed 0.87% 1.27%
5 Net profit Ratio 2.07% 1.11%
6 Cost to Income Ratio 90.26% 84.09%
7 Return on Assets 0.12% (0.01%)
8 Return on Equity (after amortization, provision & tax) 3.39% (0.34%)
9 Non-interest Expenses to total Assets 1.46% 1.61%
10 Non-interest Income to total Assets 2.64% 2.23%
11 Interest Margin to total Assets -0.64% -002%
12 Earnings Per Share (Taka) 6.63 (0.68)
13 Net Asset Value per share (Taka) 196 197
14 Cost of Fund 6.30% 6.75%
15 Return on Investment 6.00% 6.00%
16 Profit per Employee (Crore Taka) 0.06 0.07
17 Non-Performing Loans to total Loans 16.70% 12.46%
Liquidity and Solvency Ratios

1 Statutory Liquidity Ratio 36.48% 21.12%
2 Cash Reserve Ratio/ Liquid Asset Ratio 9.06% 6.12%
3 Current Ratio 1.04 1.07
4 Debt to Assets Ratio 96.60% 96.27%
5 Debt Equity Ratio 2845.50% 2579.12%
6 Loans & Advances to Deposit Ratio 59.28% 56.42%
7 Loans & Advances to total Assets Ratio 50.03% 47.52%
8 Provision to total Loans & Advances 6.86% 7.60%
Capital Adequacy Ratio

1 Capital adequacy Ratio 7.55% 9.74%
2 i. Tier I Capital 4.63% 5.58%
3 ii. Tier II Capital 2.92% 4.16%
Graphical Presentation of Performance and Efficiency Ratio
Deposits Loans and Advances

(BDT in Crore) (BDT in Crore) 59,790
51,944
100,864
92,065 46,583
39,575
69,224
62,193 31,912
53,035
2017 2018 2019 2020 2021

2017 2018 2019 2020 2021
Advance /Deposit (AD) Ratio Operating Profit

67.29% 900
813 832
63.63%
662 648
60.17%
59.28%
56.42%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Profit after Tax Return on Equity (ROE)

(BDT in Crore)
676
16.59%
137 3.39%
104 107 2.49% 2.53%
(14) -0.34%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Graphical Presentation of Performance and Efficiency Ratio
Return on Assets (ROA) Cost to Income Ratio (CIR)

1.00% 90.27%
88.09%
82.73% 83.29%
80.51%
0.13% 0.13% 0.12%

-0.01%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Cost of Fund
Total Assets
(BDT in Crore)
7.03% 119,501
6.95% 109,310
6.88%
6.75%
85,393
78,915
6.30%
67,392
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
NPL Ratio Capital to Risk Weighted

Asset Ratio (CRAR)
17.45% 17.67% 10.24%

10.09% 10.02%
14.26% 16.70% 9.74%
12.46%
7.55%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Segment Analysis (Consolidated)
Agrani Bank (Consolidated)
Particulars Operating Revenue Profit before Tax Total Asset
Conventional, 6,510.74 116.91 116,691.07

Islamic Banking, 79.04 7.44 1,344.39
Offshore Banking, 72.38 42.36 1,465.41
Local Subsidiaries, 105.52 87.03 287.41
Foreign Subsidiaries, 14.73 1.18 39.89
Total 6,782.41 254.92 119,828.17
Operating Revenue (Consolidated) Profit before Tax (Consolidated)
Conventional 6510.74 Conventional 116.91

Islamic Banking 79.04 Islamic Banking 7.44
Offshore Banking 72.38 Offshore Banking 42.36
Local Subsidiaries 105.52 Local Subsidiaries 87.03
Foreign Subsidiaries 14.73 Foreign Subsidiaries 1.18
Total Asset (Consolidated)
Conventional 116691.07
Islamic Banking 1344.39
Offshore Banking 1465.41
Local Subsidiaries 287.41
Foreign Subsidiaries 39.89
Segment Analysis
Agrani Bank (Solo)
Particulars Operating Revenue (SOLO) Profit before Tax Total Asset
Conventional 6,510.74 116.91 116,691.07
Islamic Banking 79.04 7.44 1,344.39
Offshore Banking 72.38 42.36 1,465.41
Total 6,662.16 166.71 119,500.87
Operating Revenue (Solo) Profit before Tax (Solo)
Conventional 6510.74 Conventional 116.91
Islamic Banking 79.04 Islamic Banking 7.44
Offshore Banking 72.38 Offshore Banking 42.36
Total Asset (Solo)
Conventional 116691.07
Islamic Banking 1344.39
Offshore Banking 1465.41
Future Outlook
Future Outlook
• to increase deposits - our valuable customers, by financing and professional

particularly Low cost & No Government and Private counseling. Number of
cost deposit; Organizations. authorized dealer branch of
the bank has to be increased
• to confirm the institutional • The Bank is committed to
gradually by identifying actual
good governance through the establishing the highest level
demand of new exporter and
continuance of compliance of ethics and compliance.
importer located in different
culture; We are giving importance
regions in our country.
to improve the bank’s credit
• to pull down the rate of risk management system, • We have a dedicated team
classified loan to single digit; ensuring transparency in who are diligently ensuring
internal audit, monitoring cyber security from external
• to prevent classification of and supervision and ensuring malicious attacks. They
new loans; prompt trial, andvisible conduct awareness programs,
punishment of those involved educate users about safe
• to keep rescheduled loans in scams and irregularities to usage of our intellectual
regular; restore good governance in properties and also conduct
the Bank. periodic penetration/
• to recover classified and vulnerability testing to identify
written off loans; • Various steps have been taken
weaker links to the system.
for ensuring the realization
• to Increase import, export of cash against the classified • For Cyber Security and ICT
and foreign remittance; and written off loans. At the risk mitigation, the Bank
beginning of the year, all zones has updated ICT security
• to keep the balance of and branches have been policy which is in line with
retained earnings of the Bank informed about the collection the latest Bangladesh Bank
to positive figure; of cash targets against the ICT guideline and the vastly
classified and written off practiced framework.
• to improve the quality of loans.Under the leadership
technology-friendly services; • Agrani Bank Limited with its
of the Division Heads of the
different exchange houses
Head Office, arrangements
• to build skilled workforce sponsored promotional
have been made to monitor
through training; programme during festivals
the collection of classified and
to motivate our remitter to
written off loans.
• to confirm and retain cyber send the money through legal
security; and · Our people is our asset. channel. In this promo there
Training programs strengthen are gifts for each remittance
• to preserve Capital knowledge and awareness receiver from Agrani Bank
Adequacy as per Basel-III. of leadership. Agrani Bank Limited and mega gifts for 3
recognizes the contribution of receivers selected through
Mitigation Strategies
training to enhance efficiency lottery. In addition to that,
To overcome the challenges, we
and profitability. The Bank’s to motivate our branch level
have taken various initiatives.
training policy applies to all officers, gifts and prizes are
Our management takes short,
employees and it aims at awarded.
medium and long term strategies
ensuring that appropriate
to mitigate the challenges. • Agrani Bank adopts the
training is imparted to
standardized approach
• Deposit collection target enable individuals to reach
for credit risk in relation to
has been set to the circles, satisfactory performance
implementation of Basel-III
zones and branches. We levels.
to maintain Capital to Risk
declare incentive for the
• to establish new entrepreneur Weighted Assets Ratio (CRAR)
officers to collect ‘No cost
for export and import at a minimum of 10 percent.
& Low cost deposit’. We
business, we are extending our
also communicate with
hand of co-operation to them
Directors’
Report
84-89 Global Economy
90-92 Bangladesh Economy
93-114 Business Performance Review
115-136 Directors’ Report in Bangla
Directors’ Report
to the Shareholders
Global Economy
Bismillahir Rahmanir Rahim Especially, these scarring effects on potential output

reflect the adverse impact of the pandemic on EMDEs’
Dear Shareholders:
physical and human capital. Among the most vulnerable
Assalamu Alaikum, countries, the impact of the pandemic will reverse several
Let me begin by warmly welcoming you to the 15th Annual years of income gains. Global COVID-19 infection rates
General Meeting of Agrani Bank Limited on behalf of the have soared, driven by the rapid spread of the Omicron
Board of Directors. Let us first wish you and your families variant. Advanced economies and a growing number
our best-wishes for your health and safety in these of EMDEs have fully vaccinated a majority of their
difficult times. Now we are presenting Directors’ Report
populations. But despite widespread vaccine coverage,
on the operational and financial activities of your Bank
some countries have been forced to reintroduce strict
together with the Audited Financial Statements for the
lockdown measures recently to ease weighty pressures
year ended 31 December 2021 which also includes a brief
overview of Global and Bangladesh Economy, reports on on their health systems. Vaccine coverage remains highly
business and strategy review, risk management, internal uneven around the world, and pigheadedly limited across
control & compliance and corporate governance, etc. for low income countries (LICs). At recent vaccination rates,
your valued consideration. only about a third of the LIC population will have received
even one vaccine dose by the end of 2023 (figure 1.1.B).
Global Economy
Global GDP growth in 2021 weakened slightly more than
1.1.B. Projected vaccine coverage based
expected at the beginning of the year, largely due to a on recent vaccination rates
longer than anticipated drag from COVID-19 variants Per 100 people
and supply chain disruptions. A partly disappointing 100 Advanced economics EMDEs LICs
performance in vaccine uptake and distribution 80
somewhat dampened growth prospects while increasing 60
inflation risk. Global GDP growth in 2021 is still the 40
highest since the global financial crisis more than a 20
decade ago even though various economies experienced 0
remarkable fluctuations in recovery momentum.
Dec-20
Dec-23
Sep-23
Dec-22
Mar-23
Sep-22
Mar-22
Dec-21
Sep-21
Mar-21
Jun-23
Jun-22
Jun-21
According to World Bank Global Economic Prospects,

January 2022, global growth is expected to have surged
to 5.5 percent in 2021—its strongest post-recession Current data point to solid but moderating global growth.
pace in 80 years, as an easing of pandemic-related The surge in infections in 2021 related to the Delta
lockdowns in many countries helped boost demand.
variant shattered consumer demand, but to a much more
Notwithstanding this annual increase, resurgences of the
limited grade than previous waves. Persistent supply
COVID-19 pandemic and widespread supply bottlenecks
bottlenecks have weighed on global production and
weighed significantly on global activity in the second half
of last year. Moreover, emerging market and developing trade. In advanced economies, high vaccination rates
economies (EMDEs) are experiencing notably weaker and and sizable fiscal support have helped mitigate some
more fragile recoveries compared to those in advanced of the adverse economic impacts of the pandemic. In
economies as a result of slower vaccination progress, EMDEs, however, the pace of recovery has been further
a more limited policy response, and the pandemic’s dampened by waning policy support and a narrowing of
scarring effects (figure 1.1.A). financing conditions.
1.1. A Deviation of output from Global energy prices surged in the second half of
Pre-pandemic trends
2021, particularly for natural gas and coal, owing to
Percent World
Advanced Economics recovering demand and constrained supply. Meanwhile,
EMDEs
2 non-energy commodity prices have stabilized, with
EMDEs Excl. China
0 some at or close to record highs. After rising briskly
-2 earlier last year, global trade has plateaued, owing
-4 to softening growth of demand for traded goods
-6 and supply bottlenecks caused by pandemic-related
-8 factory and port shutdowns, weather-induced logistical
2019 2020 2021 2022 2023
obstacles, and shortages of semiconductors and
Directors’ Report
to the Shareholders
Global Economy
shipping containers. Reflecting these bottlenecks, as investment or output to pre-pandemic trends over the
well as the recovery in global demand and rising food forecast horizon of 2022-23 (figure 1.1.D).
and energy prices, global consumer price inflation and
its near-term expectations have increased more than 1.1.D. Deviation of investment from
formerly projected (figure 1.1.C). pre-pandemic trends
World
Percent Advanced economics
2 EMDEs
1.1.C Concensus median inflation forecasts 0
Percent -2
December 2021 May 2021
4 -4
2 -6
2 -8
2019 2020 2021 2022 2023
1
0
2019 2020 2021 2022 EMDE growth is projected to slow from 6.3 percent in
2021 to 4.6 percent in 2022, as the ongoing withdrawal
of macroeconomic support, together with COVID-19
In advanced economies labor markets have tightened, flare-ups amid the spread of the Omicron variant and
supporting a rebound in wage inflation, in contrast to continued vaccination obstacles, weigh on the recovery
their uneven recovery in EMDEs. Although financial of domestic demand. In one-third of EMDEs, many of
conditions continue to be broadly accommodative at which are tourism-reliant economies or small states,
the global level, they have tightened for EMDEs as risk output this year is expected to remain lower than in
sentiment has deteriorated. Against this backdrop, 2019. Growth in China is expected to ease to 5.1 percent
the global economy is set to experience its sharpest this year, reflecting the lingering effects of the pandemic
slowdown after an initial rebound from a global and additional regulatory tightening. Growth in LICs is
recession since at least the 1970s. Global growth is anticipated to firm to 4.9 percent in 2022—below its
projected to decelerate from 5.5 percent in 2021 to 4.1 historical average, as limited policy space constrains
percent in 2022, reflecting continued COVID-19 flare- the recovery and as high inflation, including of food
ups, diminished policy support, and lingering supply prices, and continued conflict in some cases dampen
disruptions. Growth is envisioned to slow further in consumption. In 2023, EMDE growth is forecast to
2023, to 3.2 percent, as pent-up demand is depleted edge further down to 4.4 percent—notably below the
and supportive macroeconomic policies continue to be 5.1 percent average of the past decade—as domestic
unwound. Growth in advanced economies is forecast to demand stabilizes and commodity prices moderate.
decelerate from 5 percent in 2021 to 3.8 percent in 2022 Despite the continued recovery, the pandemic is
as the unwinding of pent-up demand only partly cushions expected to scar EMDE output for a prolonged period, in
a pronounced withdrawal of fiscal policy support. Growth part through its adverse effects on human and physical
is projected to moderate further in 2023 to 2.3 percent capital accumulation. Aggregate output in 2023 is
as pent-up demand is exhausted. Despite the slowdown, expected to be about 4 percent below its prepandemic
the projected pace of expansion will be sufficient to trend—and, in fragile and conflictaffected EMDEs, over
return aggregate advanced-economy output to its 7 percent below, as they face heightened uncertainty,
prepandemic trend in 2023 and thus complete its security challenges, weak investment prospects, and
cyclical recovery. A solid rebound is estimated for anemic vaccination progress.
investment, based on sustained aggregate demand
and broadly favorable financing conditions. In contrast The near-term global outlook is a touch below previous
to advanced economies, most EMDEs are expected to forecasts, with a modest downgrade to growth in both
suffer substantial scarring tooutput from the pandemic, advanced economies and EMDEs. Although the forecast
with growth trajectories not strong enough to return for EMDE growth in 2022 is only slightly weaker than
Directors’ Report
to the Shareholders
Global Economy
previous projections, this masks notable divergences the pandemic’s impact on income inequality. The global
across regions. Downgrades in Europe and Central Asia outlook is subject to various downside risks. Critically, the
and Latin America and the Caribbean, due to faster continued spread of COVID19 amid unequal distribution
removal of policy support, are accompanied by upgrades of vaccines across countries opens the door to new
in the Middle East and North Africa and Sub-Saharan concerning strains, as exemplified by the Omicron
Africa amid higher-than-expected oil revenues. variant first detected in November. While Omicron
infections may cause less severe disease, the variant’s
ability to spread quickly through vaccinated populations
This forecast assumes that COVID-19 will continue
could overwhelm exhausted health systems and force
to flare up across the globe this year— including in
governments to tighten control measures, causing a
EMDEs where large proportions of the population
significant slowdown in near-term growth (figure 1.1.F).
remain unvaccinated—but that the virus will cause
outbreaks of steadily diminishing economic impact.
1.1.F. Possible omicron-driven growth
Supply bottlenecks and labor shortages are assumed outcomes for 2022
to gradually dissipate through 2022, while inflation and Percent Baseline Scenario Range
commodity prices are assumed to gradually decline in 5
the second half of the year. Wage pressures are assumed
4
to moderate thereafter in advanced economies while
3
remaining contained in most EMDEs. Monetary policy
is assumed to be tightened at a measured pace in 2
advanced economies over the forecast horizon, but at a 1

faster pace in EMDEs. These shifts are expected to result 0
in a steady tightening of EMDE financing conditions. The World AEs EMDEs
withdrawal of fiscal support around the world is expected
to continue, with fiscal policy being tightened in the vast Moreover, continued supply strains could lead to
majority of countries over 2022-23. These forecasts additional disruptions to international trade and
imply that per capita income growth in EMDEs will contribute to further inflation surprises, increasing the
decelerate from an estimated 5.1 percent in 2021 to 3.4 risk that inflation expectations become deanchored
(figures 1.2.A).
percent in 2022 and 3.3 percent next year. In 2023, per
capita incomes in nearly 40 percent of EMDEs will remain
below their 2019 levels—including over half of countries 1.2.A. Impact of supply bottlenecks on
facing fragile and conflictaffected situations and three- global trade and industrial production
fourths of small states (figure 1.1.E). Index. 100= December 2019
Trade Counterfactual
120 Trade
1.1.E. Share of economies with lower per Industrial Production: Counterfactual
capita GDP levels than in 2019 110 Industrial Production
Percent of economics
2022 2023 100
100
80 90
60 80
Feb 20
Dec 20
Dec 19
Jun 20
Feb 21
Oct 20
Jun 21
Aug 20
Apr 20
Aug 21
Apr 21
40
20
0
World Aes EMDEs FCS Small Increases in private as well as public debt to
states
unprecedented levels have left many EMDEs vulnerable
to financial stress. Climate-related disasters such as
Average growth of per capita income during 2021-23 floods, droughts, and heatwaves could also substantially
will be insufficient to allow progress in catching up with weigh on activity. As EMDEs have limited policy space
advanced economies in nearly 70 percent of EMDEs. to provide additional support if needed, these downside
Rising food prices will hit the poorest populations the risks heighten the possibility of a hard landing—a much
hardest, increasing food insecurity and accentuating sharper slowdown in growth than currently envisioned.
Directors’ Report
to the Shareholders
Global Economy
Global Trade After reaching 9.5 percent in 2021, global trade is

Global trade has recovered together with global expected to slow to 5.8 percent in 2022 and to 4.7
economic activity. The recovery has been rapid for percent in 2023, as demand moderates. International
goods trade. Services trade has firmed; however, it is
travel is likely to remain subdued in the near term but
still lagging, with travel services particularly subdued.
Depressed tourism flows have weighedon activity in gradually recover over the forecast horizon, supported
tourism-reliant economies, including many small-island by improvements in international mobility as vaccination
developing states. The recovery in global trade has proceeds. Downside risks to the global trade outlook
reflected a rotation of global demand toward highly
include, in the near term, worsening supply bottlenecks
tradeintensive manufactured goods—especially durable
goods. The increase in industrial production has been due to the Omicron-driven pandemic surge, and, in the
mirrored almost one for one by solid trade growth, in longer-term, rising protectionism.
line with historical evidence that they are driven by a
common factor (figure 1.3.A). Global Inflation
Global inflation surprised continuously to the upside in

1.3.A. Share of Varience of Global Activity.
Trade and Industrial Production recent months, with median headline consumer price
Accounated for by common factors
inflation reaching 4.6 percent on a 12-month basis in
Percent
40 October 2021, up from a pandemic-related trough of 1.2
35 percent in May 2020 (figure 1.4.A).
30
25 1.4.A. Inflation Surprises

Index. >O =Upside Data Surprise
20
GDP Trade Industrial 100
Production World EMDEs United States
80
60
Momentous strains in global supply chains emerged in 40
20
2021; however, they seem to have originated mostly 0
from factors that are likely to be temporary, including -20
pandemic-related factory and port shutdowns, weather- -40
Mar 19
Jul 19
Nov 19
Mar 20
Jul 20
Nov 20
Mar 21
Jul 21
Nov 21
induced logistics bottlenecks, and an acute shortage
of semiconductors and shipping containers. The
bottlenecks that have propagated through global supply
chains have led to a surge in the backlog of orders for
traded goods and to record high shipping prices, which The rebound in global demand and activity since mid-
at their peak in October 2021 were six times their 2019 2020, together with supply disruptions and rising food
levels. At the same time, inventories have been depleted and energy prices, have pushed headline inflation to
by businesses seeking to meet the rebound in demand. decade highs across many countries. Core comsumer
Supply chain strains may be easing slightly, as suggested
price inflation—excluding food and energy—has also
by the recent deceleration of supply delivery times and
increased globally; in some economies, this has in part
declining shipping prices in November (figure 1.3.B).
reflected rising housingprice inflation. The increase in
1.3.B. Global Trade Indicators inflation has led various central banks to partially unwind
Index, Trade, 50 + - Expansion
their accommodative monetary policies.
New Export Orders
Suppliers’ Delivery Times
70 In EMDEs, increases in inflation have been broadbased
60 across countries and components: four fifths of EMDEs—
50
40
mainly in Europe and Central Asia (ECA), Latin America
30 and the Caribbean (LAC), and Sub-Saharan Africa (SSA)—
20
experienced an uptick in inflation in 2021, with rises in
May 20
May 20
Nov 20
Nov 20
Mar 20
Mar 20
Sep 20
Sep 20
Jan 20
Jan 20
Jul 20
Jul 20
food, energy, and core components (figure 1.4.B).
Directors’ Report
to the Shareholders
Global Economy
1.4.B. EMDE headline, core, and food 1.5.A. Global Growth Components
inflation
Percentage points Percent
Percent
Government conjumption
7 Food Headline Core Private Conjumption
8 Investment 8
6
Other
5 6 GDP growth (RHS) 6
4
4 4
3
2 2 2
Oct-20
Apr-20
Jan-20
Oct-21
Apr-21
Jan-21
Jul-20
Jul-21
0 0
2021 2022 2023
Especially, around a third of EMDEs experienced These factors are expected to be only partly mitigated
by the eventual removal of pandemic control measures,
double-digit food inflation in 2021. Wage pressures have
the drawdown of excess private savings, and rising
remained contained in many EMDEs, largely reflecting
real wages amid a steady tightening of labor markets.
ample slack in labor markets; however, some large Investment, particularly in advanced economies, is
economies in ECA and LAC are notable exceptions (ILO projected to contribute appreciably to global growth
2021). In advanced economies, inflation has also risen throughout the forecast horizon. As demand softens,
appreciably, albeit with differences across countries. supply bottlenecks are also expected to dissipate. Much
of the expected slowdown in global growth reflects a
Market-based measures of mediumterm inflation
moderation in the contribution from major economies
expectations have edged up, although investors still
(figure 1.5.B).
appear to expect inflation to moderate gradually
over time toward central banks’ targets. Wages have 1.5.B. Contributions of Major Economies
accelerated in advanced economies, especially in sectors to Global Growth
experiencing persistent labor shortages. Percentage Points
6 China
Euro Area
5 United States
Global Outlook Others
4
World
The pace of global recovery has moderated from its 3
strong pace in the second half of 2020. Recurring surges 2
in the COVID-19 pandemic have sapped consumer 1

0
demand, while continued supply bottlenecks and a 2015-19 2021 2022 2023
tightening of EMDE financing conditions have also
weighed on global activity. Growth in major economies,
The projected rate of global growth will be insufficient for
including the United States and China, has slowed, output to regain its pre-pandemic trend over the forecast
contributing to the headwinds facing many EMDEs. horizon because of the relatively subdued recovery in
Global inflationary pressures have continued to build, EMDEs (figure 1.5.C).
in part reflecting rapid recoveries of demand, supply
1.5.C. Deviation of output from
bottlenecks, and earlier increases in food and energy pre-pandemic trends
prices. Percent World
Advanced Economies
EMDEs
2
After surging to an estimated 5.5 percent in 2021, global EMDEs excl. China
0
growth is expected to slow significantly, to 4.1 percent
-2
in 2022 and 3.2 percent in 2023, as the initial rebound
-4
in private consumption and investment fades and
-6
macroeconomic support is withdrawn (figure 1.5.A).
-8
2019 2020 2021 2022 2023
Directors’ Report
to the Shareholders
Global Economy
Global consumer price inflation is envisioned to peak in

the first half of 2022 and then decline gradually through 1.5.D. Probability distribution around
global growth forecast
2023, helped by well-anchored expectations in most
Percent
economies. Price pressures from shortages of key inputs
6
and the recent runup in commodity prices are expected
4
to ease as global growth moderates and commodity
supplies expand. Most commodity prices are expected 2
to soften slightly over the forecast horizon, allowing the 0
pass-through to domestic prices from recent increases 50 percent
-2 80 percent
to abate. As a result of cooling demand and moderating 90 percent
Baseline
inflation, wage pressures areexpected to ease in -4
2020 2021 2022
advanced economies while remaining contained in most
EMDEs.
Omicron-driven pandemic resurgence could overwhelm
The global outlook for 2022 is somewhat weaker health systems and trigger the simultaneous imposition
than envisioned in previous forecasts. Although the of additional pandemic control measures across
the globe. The associated dislocations could in turn
pandemic has worsened somewhat relative to previous
aggravate supply bottlenecks, raise actual and expected
expectations, the economic impact of renewed
inflation, and force an earlier and sharper tightening
outbreaks has been modest amid widespread vaccination
of monetary policy in many economies. These same
in major economies. By contrast, widespread supply headwinds to global growth could also trigger and be
bottlenecks have proven more pernicious than expected, compounded by financial stress, given public and private
contributing to slowing momentum in many economies, sector balance sheet vulnerabilities. The recovery in
including the United States and China. The current many EMDEs could also be derailed by severe natural
projections also feature some shifts in the regional disasters and climate-related events that could intensify
distribution of growth. Among advanced economies, the humanitarian crises in some countries. As EMDEs have
euro area isexpected to make a stronger contribution limited policy space to provide additional support if
to growth than in 2021. Among EMDE regions, growth is needed, these downside risks heighten the possibility of
shifting from ECA and LAC which experienced relatively a hard landing—a much sharper slowdown in growth than
currently envisioned over the forecast horizon.
strong recoveries in 2021, toward MENA and SAR, where
the recovery is expected to pick up steam in 2022.
In the longer run, the global economy faces the risk
The near-term outlook assumes that the world of a more pronounced softening of the fundamental
experiences continued COVID-19 flare-ups but with drivers of growth. This risk is especially acute in EMDEs,
as their subdued economic recovery, particularly the
steadily diminishing economic and health impacts overall.
weakness of fixed investment and the dislocation of
However, those flare-ups are more likely to have more
much employment and education, may well lead to more
serious effects in countries where substantial shares of
severe scarring of potential output. The pandemic’s
the population remain unvaccinated. Monetary policy is adverse impact on human capital accumulation could
expected to gradually tighten in advanced economies, as be greater than expected if skills and education process
longterm asset purchases are unwound and policy rates discontinued as a result of prolonged unemployment
are raised in several of them. In EMDEs, monetary policy and extended school closures. Moreover, subdued
support is assumed to be withdrawn at a faster pace. aggregate demand and tighter financial conditions
These developments are expected to result in an orderly could weigh heavily on business confidence, further
tightening of financing conditions in EMDEs over the sapping investment and curtailing productivity growth by
forecast horizon. reducing the willingness to adopt new technologies.
Risks to the Outlook Conversely, there is also the possibility of stronger

growth outcomes. In particular, additional fiscal support
Following the substantial growth rebound of 2021, the in advanced economies and the continued rapid adoption
global outlook continued to be highly uncertain with risks of digital technologies could help sustain a more robust
to growth tilted to the downside (figure 1.5.D). global economic recovery than projected.
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Bangladesh Economy
Bangladesh Economy and medium enterprises and small scale industries

According to the World Bank, Bangladesh has been in GDP stood at 6.56 and 1.73 percent respectively
among the fastest growing economies globally over in FY 2020-21, compared to 1.39 percent and 3.96
the past decade, supported by a demographic dividend, percent in the previous fiscal year. The growth of the
strong ready-made garment (RMG) exports and stable construction sector stood at 8.68 percent as compared
macroeconomic conditions. The country made a strong to 8.66 percent over the previous fiscal year. Overall,
economic recovery from the COVID-19 pandemic. the contribution of the broad industry sector stood at
34.99 percent in FY 2020-21, as compared to 34.74
Economic Growth percent in the previous fiscal year. Among the broad
service sector, health and social works have decelerated
The global economy came to a standstill due to the
slightly compared to FY 2019-20. Wholesale and retail
COVID-19 pandemic which has also had a huge negative
trade; hotels and restaurants; transport, storage and
impact on the economy of Bangladesh. According to
communication; financial intermediations; real estate
the final calculations of BBS, the GDP growth in FY
and renting and business activities etc. have increased
2019-20 has slowed to 3.51 percent. Bangladesh's
significantly compared to FY 2019-20. The contribution
economy is turning around in the context of tackling the
of broad service sector to the GDP stood at 51.53
coronavirus affecting the world economy. According to
percent in FY 2020-21, which was 51.48 percent in the
the provisional estimates of BBS, the GDP growth in FY
previous fiscal year.
2020-21 stood at 5.47 percent.
Savings and Investment

Per capita GDP and GNI
During FY 2020-21, domestic savings increased to
According to the provisional estimate,` the volume of
24.17 percent of GDP, which was 23.77 percent in the
GDP at current market prices reached Tk. 30,11,065
previous year. Likewise, national savings as percent of
crore in FY 2020-21, which was Tk. 27,39,332 crore in FY
GDP increased to 30.39 percent in FY 2020-21 percent
2019-20. In nominal term GDP growth is 9.92 percent. As
from 28.67 percent of the previous fiscal year. The
per the final estimate, per capita GDP in FY 2019-20 was
investment has increased to 7.95 percent in FY 2020-21
US$ 1,930 up by US$ 102 from the previous fiscal year.
as compared to 3.98 percent in the previous fiscal year
Likewise, per capita national income increased to US$
due to COVID-19 pandemic. However, public investment
2,024 in FY 2019-20, up by US$ 115 from FY 2018-19.
as a percentage of GDP has slightly accelerated and
The per capita GDP stands US$ 2,097 in FY 2020-21, up
private investment as a percentage of GDP has slightly
by US$ 167 from the previous fiscal year, while the per
decelerated compared to the previous fiscal year. Gross
capita national income stood at US$ 2,227 up by US$ 203
investment stood at 29.92 percent in FY 2020-21, which
in the previous fiscal year.
was 30.47 percent of the previous fiscal year. Of this,
public investment and private investment accounted
Sectoral Growth
for 8.67 percent and 21.25 percent of GDP, respectively,
According to the provisional estimate of BBS, the growth
which was 8.41 percent of GDP and 22.06 percent of
of agriculture sector has slowed to 3.45 percent in the
GDP in the previous fiscal year, respectively.
FY 2020-21, from 4.59 percent in FY 2019-20. During
the same period, industry sector grew by 6.12 percent,
Inflation
which was 3.25 percent in the previous fiscal year. The
In FY 2019-20, the inflation rate stood at 5.65 percent,
service sector grew by 5.61 percent in FY 2020-21
which is slightly higher than the target (5.50%). In this
compared to 4.16 percent in the previous fiscal year.
case, food inflation increased to 5.56 percent and
Within the broad agriculture sector, the growth rate of
non-food inflation stood at 5.85 percent. Despite the
agriculture and forestry sector decelerated from 4.10
stagnation in the economy due to the coronavirus,
percent to 2.65 percent in FY 2021-21. In addition, growth
inflation in FY2020-21 was slightly high (5.56%) than the
in fishing sector slowed slightly to 5.74 percent from
target (5.4%) as a result of uninterrupted food production
6.02 percent of previous fiscal year. The contribution
and supply chains.
of the broad agricultural sector to the GDP stood at
13.47 percent in FY 2020-21 against 13.74 percent in
Export
the previous fiscal year. Of the 4 sectors of the broad
industrial sector, growth in the manufacturing (large and Foreign trade of Bangladesh has started to return to a
medium scale and small scale) has increased significantly. positive trend after confronting the adverse effect of
According to provisional estimate, the growth of large COVID-19 pandemic. In FY 2019-20 total export earnings
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Bangladesh Economy
decreased by 16.93 percent to US$ 33,647.09 million Rate Bangladesh observed overall 0.05 percent
compared to the previous fiscal year. Export earnings depreciation of Taka against US dollar in July-April of
stood at US$ 38,758.31 million in FY 2020-21, which FY 2020-21 compare to that of the FY 2019-20. The
is 15.10 percent higher than the export earnings in the weighted average inter-bank rate stood at Taka 84.81 per
previous fiscal year. During this period, commodity-wise US$ on 30 June 2021, which was Taka 84.85 per US$ on
growth of export earning shows that, export earnings 30 June, 2020.
from almost all the products have increased compare to
the last fiscal year. The government has taken several Economic Sustainability
steps as an incentive in the export sector. In order to Bangladesh’s socio-economic achievements are
encourage exports and export of commodities cash widely acclaimed around the world. Pragmatic policy
incentive is being provided to the exporters. This facility support, along with the low and stable inflation
is being extended to new products as well. aided by a favorable macroeconomic environment
helped Bangladesh become a role model of achieving
Import sustainable economic growth. The Government is
The total import payments (c&f) for FY 2019-20 stood at focusing on healthy credit growth, with particular
US$ 54,784.7 million, which was 8.56 percent lower than attention to adequate credit flows to agriculture,
the previous fiscal year. Country's total import payments SMEs and environmentally caring ‘green’ output
(c&f) stood at US$ 65,594.7 million in FY 2020-21, which initiative. These schemes would make finance and
was 19.73 percent higher than the import payments of growth more sustainable. Governance system, society,
the preceding fiscal year. Up to February of FY 2020-21, communities and ecosystems must operate consistently
25.91 percent of the total imported commodities came for a sustainable economy. The whole population of
from China. India was the second largest source of import Bangladesh must be incorporated into an inclusive
while Japan held the third position. growth paradigm. Thus, inclusive and sustainable growth
and climate resilient development must encompass
Overseas Employment and Remittance all aspects of Bangladesh’s development efforts.
Due to COVID-19 pandemic, the global labour market has Bangladesh’s journey towards sustainable development
drastically affected because of lowskilled workers who in the next two to three decades offers tremendous
do not have the option to work from home. During the opportunities despite many a host of challenges.
first eight months of FY 2020-21 (July-February), labour Bangladesh envisions to become a developed country
export stood at 1.22 lakhs amid COVID-19 pandemic. in the early 2040s. Sustainable development pathways
In FY 2019-20, remittance inflows increased by 10.87 through incorporation of SDG successes, inclusive
percent over the previous fiscal year to US$ 18,205.01 growth and climate resilient development offer the way
million. In FY 2020-21, Bangladeshi expatriates’ forward.
remittance stood at US$ 24,777.72 million which was
significantly higher (36.10%) than the previous fiscal year. Financial Inclusion
The major portion of remittance has been received from Over the past three years, financial inclusion has made
Middle East countries. In FY 2020-21 (JulyFebruary) the great progress and delivered numerous benefits to all
highest share of remittance remitted from KSA which segments of society in Bangladesh. The time period for
was 23.56 percent of total remittances followed by UAE implementation of the first National Financial Inclusion
(10.24%), Kuwait (7.50%) and Oman (6.38%). The USA Strategy (NFIS) for Bangladesh has been set from 2019-
(13.13%) obtained the top position among the Western 2024 in the draft of the strategy. The time period was set
and European countries. Recently, remittance inflow has in line with the government target to graduate to middle
increased from UK, Malaysia, Singapore and some other income country status by 2024. Bangladesh Bank has
countries. issued various circulars from time to time to open bank
account (popularly known as TK 10 bank account) with a
Foreign Exchange Reserve minimum deposit of Tk 10 to include the under-privileged
The surplus in the overall balance helped to maintain and financially excluded population in the formal banking
the foreign exchange reserve up. On 30 June 2020, the services. In 2016, Bangladesh Bank instructed all the
foreign exchange reserves reached US$ 36.04 billion. commercial banks operating in Bangladesh to open
On 30 June 2019, the foreign exchange reserve was US$ Tk10 bank accounts of the inhabitants of the 111 former
32.72 billion. The foreign exchange reserves increased enclaves, which are included in the map of Bangladesh.
to a record US$ 46.39 billion at 30 June 2021. Exchange
Directors’ Report
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Bangladesh Economy
Bangladesh Economy’s Short and Medium Term of GDP in FY 2023-24. Public expenditure was only 14.9
Prospect percent of GDP in FY 2019-20, while it stands at 17.5
The Medium Term Macroeconomic Framework (MTMF), percent in the revised budget for FY 2020-21, which
2021-22 to 2023-24, has been formulated considering is targeted to be around 17.0 percent of GDP over the
the recent dynamics of the global economy and the medium term.
impacts on the domestic sector. The global economy
has been at great risk due to COVID-19, the impact of In FY 2020-21, the revised budget deficit stood at
which is expected to be even greater than the 2008- 6.1 percent of GDP. The budget deficit could reach
09 recession. Countries are implementing incentive 6.2 percent of GDP in FY 2021-22 due to increased
packages to address the unintended effects of the government spending aimed at restoring the economy
coronavirus on global growth and commodity markets. overcoming the effects of COVID19, which will fall within
The Government of Bangladesh has also announced the range of 5 percent of GDP in the following years. The
various policy assistance including incentives to target is to keep the private sector credit flow at 14.8
combat the impact of the COVID-19 pandemic and its percent in FY 2020-21, which is expected to increase to
long term impacts. Keeping in mind that the poorer 15.0 percent in the next three fiscal years.
section of people is the worst victim of COVID-19
pandemic, the government, under the directives and Growth in remittances is projected at 35.0 percent in
guidelines of Honorable Prime Minister, declared 21 FY 2020-21, which is projected to be 15 percent on
stimulus packages in FY 2019-20 to facilitate economic average in the next three fiscal years. The possibility
recovery from COVID-19 fallout, bolstered social of a return to a strong position in the export sector has
safety net programmes and enhanced relief activities been considered in the medium term macroeconomic
through the country to protect the vulnerable people framework. Besides, there is a domestic demand in the
from crises. The number of the stimulus packages has economy of Bangladesh. Thus, it is expected that the
further been increased to 23 in FY2020-21 considering development pace of the economy will be continued.
prolonged sufferings of the poor. In the medium term, Table 1.2 highlights the projection of key macroeconomic
the government will put emphasis on economic recovery indicators during FY 2017- 18 to FY 2023-24.
from the fallout of COVID-19 and on implementing 8th
Five Year Plan, SDGs, Second perspective plan, ‘Delta
FINANCIAL POSITION
Plan 2100’, and ‘Blue Economy’ strategies.
Authorized Capital and Paid -up Capital
Before the COVID-19 pandemic, Bangladesh unveiled a At present Autorised Capital of Agrani Bank Limited is
steady and high GDP growth, averaging 7.4 percent per BDT 2,500 crore and Paid-up Capital is BDT 2,072.29
year during FY2015-16 to FY 2018-19, and reached a crore.
record 8.15 percent growth rate in FY 2018-19. However,
the provisional estimate shows that the GDP growth Shareholders’ Equity
decelerated significantly in FY 2019-20, down to 5.2 Shareholders’ equity reached Tk. 4,057.07 crore as at
percent as a result of the outbreak of the pandemic. 31 December 2021. Asset Portfolio The year-end asset
The GDP growth target for FY 2020- 21 was set at 8.2 portfolio scenarios of the Bank in 2021 and 2020 are
percent which was revised at 6.1 percent in the MTMF appended below-
due to the prolonged COVID-19 pandemic. GDP growth (BDT in crore)
has been projected to gradually rise to 7.2, 7.6, and 8.0
2020
percent respectively in FY 2021-22, FY 2022-23 and FY Particulars of Assets 2021
(Restated)
2023-24. Inflation is projected at 5.4 percent in FY 2020-
Loans and Advances 59,790.29 51,944.08
21, which is expected to gradually decrease in the next
Investments 39,033.06 29,620.93
three fiscal years and stood at 5.1 percent in FY 2023-24.
Investment is expected to be between 33-36 percent of Fixed Assets 1,561.78 1,587.82
GDP in the next three fiscal years. Of this, investment in Money at call and short notice 1,104.00 2,319.00
the public sector will be between 8-9 percent of GDP and Cash in hand and balance with 10,829.54 16,964.69
investment in the private sector will be between 25-27 other banks & FIs
percent. Other Assets 7,139.15 6,829.99
Non-banking Assets 43.05 43.05
In the MTMF, the projected revenue mobilisation for FY Total 1,19,500.87 1,09,309.56
2021-22 could reach 11.3 percent of GDP to 11.5 percent
Directors’ Report
to the Shareholders
Business Performance Review
Funding Structure • Interest rate of rural & agriculture credit.

The year-end funding structures of the Bank in 2021 and • Working capital loan/investment facility to large
2020 are shown below- industry & service sectors affected by Covid-19.
(BDT in crore) • The policy of refixation of interest rate of staff house
building loan.
2020
Sources of Fund 2021
(Restated) • Personal Loan Policy.
Deposits 100,864.39 92,065.47 • Digital Banking Service policy.
Paid-up-Capital 2,072.29 2,072.29
• Changes in personal loan (credit against salary) limits.
Statutory Reserve 961.22 927.88
Revaluation & Amortization 29.90 202.37
Audit and Internal Control & Compliance
Reserve in Govt. Securities The Audit Committee possesses the responsibility
Assets Revaluation Reserve 1,097.56 1097.56 of internal control and compliance of the Bank. The
General Reserve 54.85 54.85 Committee approved internal control & compliance
Risk Fund 10.00 10.00 policies of the Bank and reviewed the activities of
internal and external audit. Coherently the committee
Retained Surplus from Profit and (168.75) (284.90)
Loss Account has reviewed, updated and formulated guidelines and
Borrowings from Other Banks, 1,145.48 891.28 manuals and got approval by the Board:
Financial Institutions and Agents • Internal Control & Compliance Policy & Procedure
Subordinated Debt 440 580.00 2019.
Other Liabilities 12,993.93 11,692.76 • Resignation policy for probationary officers.
Total 119,500.87 109,309.56
Corporate Governance
• The policy of Promotion criteria of employees of
Agrani Bank Limited.
• The policy of Gender equality and sexual harassment
Business Performance 2021
prevention/awareness policy.
The Board of Directors (BoD) is responsible for
• Guidelines for prevention of trade based money
formulating policies for the Bank and ensuring internal
laundering.
control and compliance, accountability of the Bank
Management. The Board is also responsible for Risk Management
establishing corporate governance within the Bank. The Risk Management Committee of the Board holds
The Board closely monitors and gives directives and the responsibility to formulate appropriate strategies
instructions to the management to achieve the best for assesment and control of the risk. Board of Directors
business result. approved the following risk management policies/
manuals/reports:
In line with the above, the Board reviewed, updated
and introduced many business policies, monitoring the • Related policies/compliance/report in 2021
policies, risk management policies and internal control • Foreign Exchange Risk Management Manual-2021
and compliance polices during 2021. • Asset Liability Risk Management (ALM) Policy-2021
• CAMELS rating as on 30-06-2021
The Board of Directors reviewed, updated many • Risk Appetite 2021
guidelines and policies during 2021 that contributed The guidelines, policies and manuals thal were
a lot to securing Business Performance and to ensure formulated, reviewed and updated during 2021 through
corporate governance within the Bank. holding a number of meetings by different committees of
the Board.
Business related Policies and Guidelines
No. of
• Guidelines for Agent Banking in Agrani Bank Limited- Name of Meetings
Meetings
2019.
Board Meeting 77
• Loan takeover policy. Executive Committee Meeting 2
• Zone and corporate branchwise CMSME loan target Audit Committee Meeting 7
for 2021.
Risk Management Committee Meeting 5
Directors’ Report
to the Shareholders
The Board of Directors tirelessly monitored business Import Business

performance especially Loans & Advances, Deposit and Bangladesh's overall imports maintained significantly
Operating profit and other financial indicators during the upward trend in 2021 due to higher imports of fuel oil and
year in focus and issued directives and instructions to capital machinery for readymade garment (RMG), leather,
the management for achieving the target and bringing pharmaceuticals and electronics sectors. The high prices
maximum outcome. of essential commodities, including petroleum products,
Henceforth, following thoughtful and timely directives in the global market have pushed up the country's overall
of the highly competent Board, the Bank accomplished import payments during the 2021. The total imports (f.o.b)
optimum growth in most of the indicators that made the were USD 60,681 million in FY21 against the USD 50,690
financial base of the Bank stronger than before. million in FY20. Total import of ABL in 2021 was BDT
39,921.82 crore against BDT 24,873.83 crore in 2020.
Deposits The major imported item through ABL was petroleum
The Bank achieved a remarkable growth in deposit & petro-products, industrial raw materials, capital
mobilization. In 2021 deposit of the Bank was Tk. machineries, machineries for misc. industry, raw cotton,
100,864.39 crore compared to Tk. 92,065.47 crore at chemical, food grains, medicine, milk and cream, spices,
the end of previous year. The growth of deposit was 9.56 pulses, sugar, POL, plastic and rubber articles etc.
percent. To reduce the cost of fund gradually, the Bank,
Export Business
therefore, decided to mobilize low cost and zero cost
deposit. According to Export Promotion Bureau (EPB) data, FY21
export earnings increased by 15.1 percent, while in the
Asset Quality preceding year export earnings shrank by 16.9 percent.
The Bank maintained quality of asset and this is one The total exports (f.o.b) in FY21 stood at USD 37,882
of the strong areas of its operation. The Bank never million, which was USD 32,832 million in FY20. In FY21,
compromised with its standard of excellence in terms of almost all exports items experienced remarkable growth
maintaining asset quality while extending credit facilities. except shrimp, other frozen and live fish, vegetables,
In order to improve the quality of our assets, the Bank petroleum bi-products, and ships, boats and floating
structures, while these items experienced negative
Management prioritized financing in trade and commerce
growth. Total export of ABL in 2021 was BDT 14,765.96
by providing working capital. Moreover, some pragmatic
against BDT 10,636.61 crore in 2020. The major exported
steps adopted to reduce nonperforming loans as well as
items through ABL was knitwear and woven garments,
to prevent new classification thereof.
tea, raw jute, jute goods, footwear, leather goods, frozen
International Trade foods, leather and handicraft products, engineering
products, plastic products, cotton and cotton products,
The commendable share of foreign exchange business
chemical products etc.
within the country is made through 43 Authorized
Dealer branches of ABL. The Bank plays important role The import and export of ABL in 2021 and 2020 are given
in country’s economy by operating 34 Nostro Accounts below-
with prominent foreign banks in other country/countries
Year
through which transactions relating to Export receipts, Types of Business
2021 2020
Import payments, Inward and outward remittances are
settled as well as earn valuable foreign currencies. Now, Import 39,921.82 24,873.83
this Bank has become a symbol of confidence of the Export 14,765.96 10,636.61
customers and the clients. Apart from this, a separate
off-shore banking unit (OBU) has been established. OBU Foreign Remittance Business
of ABL located at EPZ Corporate Branch, Chattogram Inward foreign remittance plays a pivotal role in the
and successfully functioning as a separate entity. The economy of Bangladesh to be an emerging tiger in this
main function of this Unit is borrowing and lending foreign region. Considering contribution to our foreign currency
currency both in short-term and long term as well as reserve foreign remittance plays a key role in our
providing International banking services. Total financing economy. Remittance is not only a major contributor to
of OBU increased significantly in 2021 compared to 2020. our foreign exchange reserve but also helps to develop per
In 2021 total financing from OBU in the form of Buyer’s capita income, women empowerment and employment
Credit against UPAS L/Cs of different AD branches opportunities and allow our Government to undertake
increased to USD 173.40 million from USD 159.70 million mega development projects in our country. Agrani Bank is
in 2020. The major imported item through UPAS L/C was always playing a pivotal role to collect foreign remittance
machinery and industrial raw materials. through banking channel by discouraging Hundi and other
Directors’ Report
to the Shareholders
illicit channel. It has a huge and smart distribution network to deliver the remittance of our expatriates to their family
members as well as kith and kin in a timely way. We have established alternative payment channel besides conventional
branch banking system by instigating Agent Banking and Remittance Only Points (ROP) to reach our beneficiary’s at
their doorstep. Beside this Agrani Bank has provided 1% extra incentive, Agrani Bidesh Jawar loan, Agrani Ghore Fera
loan facility including to open Wage Earners Development Bond, Dollar Bond etc. from the home country to inspire the
remitter. Direct supervision of Management, vibrant support from Head office and branch level, time bound payment
facility & cutting edge technological integration make us different from other banks. With this we are holding top
position among the State Owned Commercial Banks for consecutive 11 (Eleven) years in Bangladesh. Agrani Bank has
been awarded different prizes such as Bangladesh Bank Remittance award, International Migrant day remittance fair
award from Ministry of Expatriates, Welfare & Overseas Employment, remittance award from Centre for Non Resident
Bangladesh etc. for its outstanding performance. To keep it up our stride is to grab a large number of remittance
customers through network expansion, technological development and continuous hassle free specialized customer
service.
Remittance Scenario of Bangladesh from 2015 to 2021

(Million USD)
Year Total National Foreign Remittance ABL’s Share In Percentage (%)
2021 22,070.87 2093.28 9.48
2020 21,740.79 2,477.35 11.39
2019 18,332.21 1,765.86 9.63
2018 15,520.68 1515.07 9.76
2017 13,538.32 1,313.77 9.70
2016 13,603.98 1,535.26 11.29
2015 15,316.94 1,699.25 11.09
Bank’s Achievement in Remittance Business in 2021

Total Remittance earning of Agrani Bank Limited in 2021 is USD 2093.28 million. Agrani Bank is tied-up with 85 Banks
and Exchange Houses all over the world. Introducing Remittance Only Point in December 2017 as a pilot project, Agrani
Bank Limited successfully launched 355 Remittance Only Point (ROP) in December 2021. Remittance Only Points (ROP)
have been paying remittances 7 days in a week (Excluding Government holidays) from 10.00 am to 8.00 pm. Total number
of remittance paid through Remittance Only Point (ROP) in 2021 is 17,521 and the total amount is BDT 78.52 crore.
In 2021 Agrani Bank Limited has started remittance business with Aftab Currency Exchange Ltd. UK, Gmoney Trans,
South Korea, Terrapayment services, Mauritius, World Wide West 2 East Services Ltd. (Sha Globa), UK and BFC Bank Ltd.
UK. Agrani Bank has got approval to tie-up with Purshottam Kanji Exchange, Oman, NBL Money transfer, Maldives, Dar
Exchange, UAE, Zamzam Exchange, Jordan and PBL Exchange, UK from the Central Bank in 2021. We have tied up with
“Upay” a Mobile Wallet service of Bangladesh for the remittance disbursement. Agrani Bank Limited had successfully
conducted four promotional programs to enhance remittance business. During the promotional campaign, Agrani
Bank Limited has on boarded 12,466 new accounts of remittance beneficiaries. After launching API based remittance
payment system in 2018 we are successfully collecting remittances from 29 Exchange Houses through API. Having
agreement with bKash in 2019 we are successfully paying remittance of Agrani Exchange House, Singapore, Global
Money Express, South Korea, Aftab Currency Exchange Ltd. UK, Gmoney Trans. South Korea, K& H Remittance Services,
Brunei, Placid International through bKash wallet. In the birth centenary of Bangabandhu Sheikh Mujibur Rahman (17-
03-2020) we launched remittance App in our subsidiary company-Agrani Exchange House, Pvt. Ltd. Singapore which
helps the NRB of Singapore to send the remittance by staying home during Covid-19 pandemic situation. The Monetary
Authority of Singapore (Central Bank of Singapore) has honored to provide a Fintech Award to introduce this Mobile App
for the remittance collection.
Directors’ Report
to the Shareholders
Modern Technology used in Remittance Business

 Connected under API with 29 Exchange Houses;
 Launched in house built web based remittance software for our one subsidiary;
 Spot cash remittance paid through web based system instantly;
 Account Payee remittance directly credited through API into beneficiary’s account;
 Eliminate advice system from Head office for remittance payment settlement;
 Central PIN verification Cell has been set up for Remittance payment through Remittance Only Payment (ROP);
 Remittance transmission through bKash Wallet from Agrani Exchange House, Singapore, Global Money Express,
Gmoney Trans, South Korea, Aftab Currency Exchange, UK, Placid Exchange, & K & H Brunei;
 Account payee remittance has been credited centrally from Head office;
 Remitter and beneficiary remittance data base software has been launched; and
 Introduced in house built software for paying Govt. declared 2.50% incentive.
Development in Treasury Management for the Year 2021

The objective of the treasury is to manage the liquidity of the bank i.e. all current and projected cash inflow and outflow
must be monitored to ensure regulatory obligation and there is sufficient cash for funding bank’s day to day operations
as well as excess cash is properly invested to ensure optimization of income. To accomplish this objective, Agrani Bank
Limited has a vibrant treasury team having a good combination of young and experienced personnel. The treasury
of the Bank is the major player in the interbank money market and foreign exchange market. The treasury team
performed well in 2021 through formulation of proper strategies and sound market forecasting in COVID-19 pandemic
situation. In accordance with the international standard, best practices and guidelines of the Central Bank for Core
Risk Management Policy, our total Treasury Operations are an outcome of all the activities of these four units: Money
Market, FX Market, Asset Liability Management (ALM) Desk and Fixed Income Desk/Investment Desk.
Treasury Income for the Year 2021

In the year 2021, Treasury Division of the Bank has very efficiently managed the bank’s liquidity and earned BDT 2,340.04
crore which was very challenging over the year due to COVID-19 pandemic. The summary of treasury income of the bank
for the year 2021 is as follows:
(BDT in Crore)
Sl. Particulars 2021 2020
01. Sales of Securities 373.98 110.05

02. Sales of Share 23.70 6.15
03. Interest on Debenture 0.00 0.02
04. Discount on Treasury Bills & Bonds: 171.17 47.02
a) Discount on Treasury Bills 164.24 44.58
b) Discount on Bangladesh Bank Bills & Bond 6.93 2.44
05. Interest on Treasury & Other Govt. Bonds: 1,131.61 918.63
a) Interest on Treasury Bonds 1,020.62 767.34
b) Interest on Other Govt. Bonds 110.99 151.29
06. Divident Warrent 40.78 87.34
07. Interest on Subordinated Bonds 542.34 579.03
08. Interest on Interbank & Bangladesh Bank Reverse Repo 44.17 21.31
09. Under Writing Commission 5.61 0.00
10. Commercial Paper 4.25 0.73
11. Interest on Syndicated Term Loan 2.43 5.65
Total 2,340.04 1,775.93
Directors’ Report
to the Shareholders
Primary Dealership Non SLR Securities

Primary Dealers Bangladesh Limited (PDBL) is the apex Government Treasury Bills - -
body of primary dealer banks operating in Bangladesh. Securities
The main objective of PDBL is to create a participatory Treasury Bonds 1,672.23 1,304.03
Prize Bonds 1.59 1.45
and vibrant secondary market of government securities in
Sub-total(C) 1,673.82 1,305.48
Bangladesh. Agrani Bank Limited is the founder member
Non- Other Bonds 7,101.69 7,114.41
of Primary Dealers Bangladesh Limited (PDBL). PDBL had Government
started its journey in the year 2008 with 8 bank and 1 FI. Securities
At present there are 23 members of PDBL approved by Commercial Papers - 19.70
Bangladesh Bank. From the very first day, as a member of Syndicated Term - 30.00
Loan
PDBL Agrani Bank Limited has been playing an important
Shares 1,418.03 1,467.35
role by purchasing Bangladesh Bank Bill, Government Sub-total(D) 8,519.72 8,631.46
Treasury Bill & Bond from primary auction for supporting (ii)Total (C+D) 10,193.55 9,936.94
budgetary deficit and other financing of the government. Grand Total(i+ii) 39,033.06 29,620.93
The bank is also working to develop a vibrant secondary
market for government securities by trading the securities
Treasury Priorities in 2021
in the secondary market.
• Revised counter party limit.
(BDT in Crore) • Revised & Reorganized ALM Policy.
Type of • To maximize profit through proper liquidity
Type of Securities 2021 2020
Trading
management and utilization of fund in local and
Bangladesh Bank Bills 8,190.59 -
Purchase foreign currency market.
Treasury Bills 26,320.89 4,697.61
from Primary • To introduce new loan and deposit products.
Treasury Bonds 6782.15 2,759.08
Auction
Total 41,293.63 7,456.09 • Reshuffle transfer pricing in line with market
Trading in Bangladesh Bank Bills - - movement.
Secondary Treasury Bills - 1,929.85
• Reshuffle Asset and Liability interest rate in
Market Treasury Bonds 200.00 1,539.73
Total 200.00 3,469.58
accordance with the market movement.
• To adjust interest rate of Foreign Currency A/C in
Invesment accordance with market movement.
• To revise buying rates for inward remittance &
The investment portfolio of the Bank at the end of the
exporters.
year 2021 stood at Tk. 39,033 crore as against Tk. 29,621
crore in the previous year. The Bank has always given • Employment of Relationship Manager for all
emphasis to high yielding investments and maintains Authorized Dealer Branches.
Statutory Liquidity Requirement (SLR) as fixed by • Providing quick and effective cliental service
Bangladesh Bank vide DOS circular no. 26 dated 19 though “Government Securities Investment
August 2019. The portfolio of investment of the Bank as Window” for the investors of Treasury Bills &
on 31 December 2021 is shown below: Bonds.
(BDT in Crore) Loans and Advances
Types of Securities Year
2021 2020
The total loans and advances as on 31 December 2021
SLR Securities
was Tk. 59,790.29 crore as against Tk. 51,944.08 crore
Treasury Bills 12,648.68 3,210.64
at the end of previous year. The advance portfolio of the
Government Treasury Bonds 15,977.92 11,276.60
Securities Bank is well diversified and it covers funding to a wide
Reverse Repo 149.85 5,133.69 spectrum of business and industries including agro-
Sub-total(A) 28,776.45 19,620.93 based and agro-processing, ship building, ship breaking,
Non-
Government Shares 63.06 63.06 steel & engineering, paper & paper products, chemicals,
Securities Sub-total(B) 63.06 63.06 construction, real estate and loans under consumers’
(i) Total (A+B) 28,839.51 19,683.92 credit schemes, various trading businesses, female
entrepreneurs loan and ‘Agrani Bidesh Jawar Loan’.
Directors’ Report
to the Shareholders
Agreement signing Ceremony between Bashundhara Gold Refinery Limited and Agrani Bank Limited along with other four state
owned banks for syndicated term loan where ABL is the lead arranger.
(BDT in Crore) BMRE of existing projects. A total sum of Tk. 14,033.34

Sector-wise Loans 2021 2020 crore has been disbursed against a sanctioned amount of
Tk. 18,237.11crore in 400 projects up to December 2021,
Agriculture and Fishery 2,107.52 1,970.25
the outstanding of which stands at Tk. 15,558.53 crore.
Jute and Jute goods 1,202.15 1,219.84
Transport, Storage & 659.83 788.17 The comparative study of project loans between 2020
Communication and 2021 is as follows:
Ship Breaking 543.52 85.02
Textile & Readymade Garments 11,944.78 8,260.33 (BDT in Crore)
Food and Allied Industry 986.39 466.49 Loan Sanctioned Loan Disbursed
Construction & Engineering 1,872.24 2,294.43 Year Outstanding
No. Amount No. Amount
Pharmaceuticals & Chemicals 1,125.11 446.47
Leather 570.28 524.46 2020 893 16,888.55 851 14,545.57 13,801.20
Power & Energy 1,042.13 1,104.21
2021 400 18,237.11 400 14,033.34 15,558.53
Professional and Services 1,117.28 756.71
Housing 1,582.57 1475.68
Wholesale/ Retail Trading 14,978.79 11,494.67 Credit Lines
Staff Loan 8,529.82 6,182.07 Apart from own source, Agrani Bank Limited utilizes fund
Others 11,527.87 14,875.29 received from the following credit lines:
Total 59,790.28 51,944.08
• IDA Credit
Industrial Credit • Exim Bank Credit
Agrani Bank Limited as one of the state-owned • ADB Credit

commercial banks, plays important role in implementing • OPEC Credit
Govt's rapid industrial policy for the overall development of • Industrial Development Bond Fund
the country. It extends term loan as well as working capital
• BSCIC Consortium
loan facilities almost in all sectors of industrialization
both individually and jointly with other government and • BSCIC Sub-contracting
private banks and financial institutions under consortium/ • BSCIC Special Credit
syndication arrangement. Credit facilities are made • Light Engineering Credit (Direct BSCIC)
available not only in establishing new projects but also in
• Credit Guarantee Scheme
Directors’ Report
to the Shareholders
Loan to Power Sector arranger of syndication/consortium, the outstanding of

In the recent years Power Sector is treated as the priority which is Tk. 2,494.78 crore at the end of the year.
sector of the country. This Bank has been playing a
SME Financing of ABL
significant role in financing this sector. Until December
2021, the Bank has disbursed a total of Tk. 2,725.70 crore SME is a more valuable sector in the present developing
in 15 projects. All these projects are generating more or world. This sector is labor intensive with short gestation
less 2,355.60 MW electricity per day, all of which are duly period. It is treated as income generating machine and
linked with the national grid of the country. driving force of industrialization. The countries like
China, Japan, Hongkong, Taiwan, Thailand, Malaysia and
Loan to Health Sector India have developed their national economy through
Individual’s sound health is mandatory for the overall the development of SME. So, the People’s Republic of
development of the country. Sound health refreshes both Bangladesh Government has been given more emphasis
body and mind together and thereby ignites motivation in on SMEs considering as a priority sector. Bangladesh
daily work. Hence, to spread the medical services to the Bank took various initiatives for the expansion of SME as
doorsteps of mass people of the country, the bank has a priority sector. As a development partner, Agrani Bank
disbursed a total of Tk.753.61 crore so far to 10 hospitals, Limited has also been carrying out various loan activities
clinics, pharmacy and pharmaceuticals, the outstanding of for the development of SME center.
which stands at Tk. 888.15 crore at the end of the year.
Syndication Financing Sectors of SME Financing
ABL has been playing an important role in implementing Service Sectors

large project under syndication financing. Since 2005 the
Hotel, restaurant, tailoring, laundry, hospital, clinic,
bank has disbursed Tk. 4,402.76 crore against 97 projects
kindergarten, block and printing, tractor, power tiller,
up to December 2021 as the member bank as well as lead
irrigation equipment etc.
An aerial view of Orion Power Meghna Ghat Limited financed by Agrani Bank Limited
Directors’ Report
to the Shareholders
Business Sectors
Grocery shop, cloth shop, medicine shop, plastic and synthetic shop, spare parts shops, rods and cement, furniture, agro-
business and other income-generating and socially acceptable business.
Industry Sectors
Cotton industry, jute industry, garments, rice mill, plastic industry, saw mill, light engineering, agro processing, feed mill,
furniture industry, steel industry and other socially recognised and eco-friendly business.
Sector wise SME Loan disbursement (January to December’21) & outstanding as on 31-12-2021
(BDT in crore)
Disbursement Outstanding as on
Sectors of SME financing
January to December 2021 31-12-2021
Service sectors 276.44 704.98
Business sectors 4,140.35 6,849.49

Industrial sectors 1,890.31 3,559.76
6,307.10 11,114.23
SME Loan disbursement 2020 & 2021 are given below

(BDT in Crore)
Loan Disbursement Outstanding

Year
Number Amount Number Amount
2020 30308 5,878.16 114523 9,306.73
2021 33589 6,307.10 121035 11,114.23
Muazuddin Steel Industries Ltd. avails CMSME Project Loan facility from Principal Branch of Agrani Bank Limited.

Directors’ Report
to the Shareholders
ABL’s Contribution in Development of SME

After starting SME financing, Agrani Bank Limited has been adopting various steps such as establishment of separate
SME Credit Division, adopting SME financing activities according to Bangladesh Bank’s guide lines, operating SME
financing activities through all branches, allocating sufficient budget for SME loan disbursement, zone & cluster
wise SME loan disbursement, establishing SME Help Desk & Women Entrepreneur Dedicated Desk in all branches,
establishing SME Monitoring Cell & Women Entrepreneur Development Unit in all zonal offices & Corporate branches,
SME Monitoring Committee established by the chief of committee(DMD) And SME Monitoring Cell established by the
chief of committee GM(Credit), introducing separate loan activities for women entrepreneurs, vivid participation in
different SME fairs & other promotional efforts etc. As a result the bank has achieved a superior position.
Position of SME Loan as on December 2021

(BDT in crore)
Outstanding Disbursement as on
December,2021
Target’2021 December’2021
Nature of Classified
(without Outstanding
loan loans Achievement
Classified Number Amount Achievement
loans) percentage
Cottage 2.54 118 6.58 3.47 0.03 3.44 135.38

Micro 1,062.60 7136 465.41 707.74 19.10 688.64 64.81
Small 5,325.69 26017 4,965.09 7,736.25 642.61 7,093.64 133.20
Medium 2,485.32 318 870.02 2,666.77 788.21 1,878.56 75.39
Total 8,876.15 33589 6,307.10 11,114.23 1,449.95 9,664.28 108.88%
Disbursement of CMSME Loan

NGO Linkage program of ABL
Agrani Bank Limited is a pioneer bank in expanding credit activities through the capable NGOs. The Bank has engaged
different NGOs for expanding the SME credit services. Any potential NGO can avail the credit facilities from this bank
complying existing rules and regulations. The Bank has already disbursed a total loan of Tk 352.00 crore to the BRAC in
2015, 100.00 crore to the Ad-Din Welfare Centre in 2017, 2.85 crore to the Sajida Foundation in 2017, 300.00 crore to
the TMSS in 2017 and 0.30 crore to the Rural Remonstration Foundation in 2018 and 180.00 crore to the Midas in 2020.
As a retailer, the NGOs have re-lent the same to the targeted SME people.
Foreign Aided Credit Programs of ABL

The Agrani Bank Limited has been utilizing its own fund and the foreign fund for credit operation. The credit programs
namely EGPRP and MSFSCIP (Kurigram) are being successfully operated by the Bank under the financial assistance
of IFAD. Under the program EGPRP, the bank extending credits to the people through its 190 branches. Agrani Bank
Limited has disbursed TK 8.00 crore under EGPRP program & TK 0.44crore under MSFSCIP program in 2021.
Implementation of CMSME Incentive Package

The CMSME sector affected by the novel Corona virus (Covid-19) was instructed to implement a special incentive
package of Tk 20,000 crore announced by the Honourable Prime Minister. In this case, Agrani Bank Limited has
disbursed loans in 1st phase worth Tk 977.13 crore among 10083 entrepreneurs and in 2nd phase (upto 31/12/2021) worth
Tk. 338.31 crore among 3200 entrepreneurs .Of them in 1st phase, Tk.56.37 crore have been disbursed among 737
women entrepreneurs and in 2nd phase (up to 31/12/2021) disbursement amount is Tk 39.93 crore against 727 women
entrepreneurs.
SME Vision-2021
The Government of People's Republic of Bangladesh formulated policy strategies for developing SME through industrial
policy 2016 providing guidelines for SME development. As a development partner of the Government the Agrani Bank
Limited has a wide vision for the year 2021. Under the vision, the SME credit should be extended to close to the door of
people .Agrani Bank Limited continuously working to build up free from hunger & poverty of the society as per present
Government commitment. In this regard Agrani Bank Limited has disbursed 6,307.10 (Six thousand three hundred Seven

Directors’ Report
to the Shareholders
crore and ten lac only) taka on behalf of Cottage, Micro, economical condition. Tk 5,000-1,00,000 at only 8.00%
Small and medium industry/Enterprise in 2020. In 2021, interest is disbursed amongst rural landless, marginal
Without Classified Loan TK. 10,559.12 (Ten thousand five farmers, small enterpreneurs and distressed women. No
hundred fifty nine crore and twelve lac) has been assigned collateral security is required for loan upto Taka 1,00,000
as SME loan outstanding target. In this target TK. 1,372.69 on agriculture/rural credit sector. From the beginning
crore (One Thousand three hundred seventy two crore till December/2021, under various programs, loans
and sixty nine lac) only reserve for women Entrepreneurs. amounting to Tk. 9,305.04 crore have been disbursed
A Memorandum of Understanding has been signed with among 51,31,213 borrowers in different sectors and Tk.
the BWCCI to increase the flow of credit between women 7,431.80 crore has been recovered.
entrepreneurs. Every entity will be informed through
circular/letter to implement all instructions of Bangladesh The major credit projects/programs of Agrani Bank
Bank, different types of SME Credit products of Agrani Limited
Bank Limited have been displayed in various fairs & the
bank will be participated in various seminars/conferences.
Crop loan programme, Crop Diversification programme,
Special attention will be given to increase financing in
Swanirvar credit programme, Rural Finance Project (RFP).
environment friendly, Garments, jute mill, agro processing
Crop Godown loan prokalpa, Shrimp Culture Programme
industries, labor intensive & production oriented
(General). Credit Scheme for Banana Cultivation, Credit
enterprise, production of import substitute commodities,
to Salt Cultivation, Credit for Flower Cultivation and
export-oriented enterprises, creative new enterprises, IT
Marketing, credit for Small and Cottage industries,
& technology related enterprises. Beside this, necessary
Vermicompost organic fertilizer credit programme, credit
steps will be taken time to time to gear up overall SME
for Akti bari Akti khamar programme, credit for Biogas
activities so that the performance of Agrani Bank Limited
project, credit for solar panel project, credit for Medicinal
will be pioneer to all in developing SMEs.
Plant nursery, credit for Plant nursery, Khudra Uddag
credit programme, Fisheries Financing Programme
Agriculture and Rural Credit
(Pond). credit for Fish Cultivation with in Case, Fisheries,
Semi-intensive Shrimp Culture programme, credit
Agrani Bank Limited is one of the State -owned
programme for Irrigation equipment, Self Employment
Commercial Banks. It plays an important role in the
Programme for the unemployed youth, credit for Rural
progress of economic development of Bangladesh. This
House Building, credit for Rural Transport, bank loan
bank has been financing since 1977 agriculture and rural
programme in small scale poultry farms, General Rural
credit programme including agriculture, livestock, fishery
credit programme, Horticulture programme for poverty
and various productive and income generating activities.
alleviation, Agricultural Equipment credit, credit for Betel
leaf cultivation project, credit for purchase of cow, credit
for Beef Fattening programme, credit for Bull & Buffalo
purchase programme, Goat rearing programme for
poverty alleviation, Ram rearing programme for poverty
Alleviation, Heifer purchase credit programme, Agro-
based project loan which includes-Fish Cultivation project,
Fish hatchery and nursery project,Poultry hatchery and
nursery project, Integrated farms project, Feed Meal
industries etc. The disbursement target of Bangladesh
banks refinance scheme to buy heifer at 5% interest is
fulfilled 100%.
In the financial year 2021-2022, disbursement target

of agriculture and rural credit for Agrani Bank Limited is
Agrani Bank Limited finances zoom cultivation of turmeric Taka 680.00 crore. Taka 341.31 crore has disbursed to
in Bandarban. agriculture and rural credit upto December/2021 and total
outstanding amount is Taka 2107.52 crore, amount of
The Bank is playing vital role through engaging the rural classified loan(CL) is Taka 184.33 crore and percentage
poor people in various productive and income generating of CL is 8.74% as on 31st December, 2021.
activities for the overall development of their social and

Directors’ Report
to the Shareholders
Figure of Agriculture and Rural Credit from Inception till December 2021
(BDT in Crore)
No. of borrower Disbursement Recovery Outstanding Overdue CL amount Rate of CL

5131213 9,305.04 7,431.80 2,107.52 384.26 184.33 8.74%
Figure of Agriculture and Rural Credit upto December 2021 for the financial year 2021-2022
(BDT in Crore)
Disbursement Recovery
Financial Year CL Loan Rate of CL
Target Achievement Rate(%) Target Achievement Rate(%)
2021-2022 680.00 341.31 50.19% 200.00 293.09 146.54% 184.33 8.74%
Comperative Figure of Agriculture and Rural Credit for the year 2021 and 2020
(BDT in Crore)
SL No Sector 2021 (01-01-2021 to 31-12-2021)* 2020 (01-01-2020 to 31-12-2020)**

Target Disbursement Rate Target Disbursement Rate
1 Crops 440.00 428.16 97.30% 440.00 438.66 99.69%
2 Fisheries 68.00 39.00 57.35% 68.00 16.39 24.10%
3 Livestock 72.00 79.77 110.79% 72.00 46.17 64.12%
Poverty Allevi-
4 84.00 53.59 63.79% 84.00 162.93 193.96%
ation
5 Others 16.00 8.17 51.06 16.00 15.31 95.68%
Total 680.00 608.69 89.51% 680.00 679.46 99.92%
The target for disbursement of agricultural and rural loans is set in the financial year as per the instructions of
Bangladesh Bank.
* As the mentioned data of 2021 was determined in the calendar year 2020-2021 financial year from January / 2021 to
June / 2021 and 2021-2022 financial year from July / 2021 to December / 2021 has been determined by adding data.
** As the mentioned data of 2020 has been determined in the calendar year 2019-2020 financial year from January
/ 2020 to June / 2020 and 2020-2021 financial year from July / 2020 to December / 2020 has been determined by
adding data.
Steps taken by the Rural Credit Division to address the financial crisis caused by the Covid-19 virus epidemic
In order to combat the outbreak of Corona virus in the agricultural sector, (A) a refinancing scheme of Tk. 5,000.00
(five thousand) crore was implemented by Bangladesh Bank providing working capital in the agricultural sector and (B)
at low interest rate in grain and crop sector, loan disbursement activities was implemented in favor of farmers (at the
rate of 4%), which continued throughout the financial year (2020-21), (C) A refinancing scheme of TK. 3000.00 (Three
thousands) is being implemented, which will continue throughout the current financial year (2021-22).
Refinancing Scheme of TK. 5000.00 (Five thousands) crore for the purpose of providing working capital to the
agricultural sector due to the outbreak of Novel Corona virus (Phase I)
In the light of ACD Circular No. 01 issued on 13-04-2020 to ensure adequate funding in current capital dependent
agricultural sectors to combat the outbreak of Novel Corona Virus, the Bank issued circular No. RCD /38/2020 dated
22-04- 2020. A refinancing scheme of Rs. 124.00 crore out of Rs. 5,000.00 crore implemented. Under this scheme,
banks obtained refinancing facility at the rate of 1% interest/profit against the loans disbursed under the current capital
based agricultural sector (horticulture i.e seasonal flower and fruit cultivation, fish farming, poultry, dairy and livestock

Directors’ Report
to the Shareholders
sector). At the customer level, the interest / profit rate from Bangladesh bank at 1% interest / profit rate against
was maximum of 4%. The interest / profit rate applied to loans disbursed in agro-based sectors: grain cereals, cash
both the current customer and the new customer. Under crops, vegetables, licorice crops under the Agriculture
this scheme, Tk. 125.35 crore has been distributed among and Rural Credit Policy (except import alternative crops
13122 farmers. Against the target, the achievement rate such as pulses, oilseeds, spice crops and maize, loan
is 101%. disbursed at 4% interest rate), fruit and flower farming,
fish farming, poultry and livestock sector, agriculture and
Provide agricultural loans at 4% reati interest/profit irrigation machinery, seed production sectors. Interest
rate on crop and crop sector under farmer-friendly / profit rate will be maximum 4% at borrower level. This
incentive facility to address the crisis caused by the rate will be applicable for current and new borrowers.
outbreak of Novel Corona virus Under this scheme, banks will have to apply for
refinancing on monthly basis by disbursing loans in favor
To keep food production and food supply normal due of the borrower by June 30, 2022. Under the scheme, Tk
to the outbreak of Novel Corona virus, Bangladesh 21.41 crore has been distributed among 2444 farmers till
Bank issued ACD Circular No. 02 dated 28-04-2020 December/ 2021. Achievement rate against the target is
by providing instructions to distribute agricultural 22.53%. We are optimistic about the 100% disbursement
loans on import alternative crops as well as all grain of loan within the scheduled time.
crops including paddy, wheat, cash crops, vegetables
and pulses mentioned in agricultural and rural credit Agrani Overseas Loan Project
policies and programs at 4% reati interest/ profit rate
Remittances sent by migrant workers have been
as an incentive at the farmers level under the facility.
playing an increasingly significant role in the economic
Agrani Bank Ltd. also issued circular No. RCD / 40/2020
growth and livelihood of the people of Bangladesh. The
dated 30-04-2020 in light of Bangladesh bank. Bank
remitted funds contribute immensely to our national
got interest / profit loss reimbursement facility from
economy by increasing the foreign exchange reserve, per
Bangladesh Bank at the rate of 5% for actual interest /
capita income and employment opportunities. In 2020,
profit loss on the disbursed amount.
remittances amounted to 21,741.83 million US dollars.
The Government of Bangladesh used these funds to
In this case, the interest/profit rate at the farmer
pay official and non-governmental import bills, as well as
level was maximum 4%. The interest / profit rate was
repay foreign debt with interest. Remittances received
applicable to both current and new borrowers. However,
in hard currency have helped the government to reduce
after June 30, 2021, the normal interest / profit rate was
its dependence on foreign aid. These international
applicable for the remaining term of the current loan. In
fund transfers also contributed to the expansion of
addition, the discounted interest/profit rate and interest
financial market activities and the development of
/ profit loss facility was applicable for the period from
payment systems in Bangladesh by enhancing direct
April 1, 2020 to June 30, 2021. Through the use of own
capital flows and distributing these funds to users and
network, interest/profit loss claimed directly against
investors. Remittances had a positive impact on the
loans disbursed at 4% interest / profit rate at the farmer
socio-economic conditions of the migrants’ families and
level. Under the incentive facility in the grain and crop
have served to make the Bangladeshi currency stronger
sector, Taka 350.66 crore has been distributed among
against the US dollar.
83527 farmers till June/2021.
A refinancing scheme (Phase II)) for TK 3,000.00 Project Objectives and Functions
(Three thousands) under incentive facility to address Nearly 1 crore 20 lakh Bangladeshi citizens live in
the financial crisis caused by COVID-19 foreign countries. Every year 8 to 10 lakh workers go
abroad from Bangladesh. A large portion of our foreign
A refinancing scheme of Rs. 95.00 crore out of Rs. exchange comes from remittances sent by them. As a
3,000.00 crore, has been formulated to combat the result, Bangladesh does not require foreign assistance
financial crisis caused by the Covid-19 epidemic for to meet its foreign currency needs. Most of our migrant
ensuring the flow of credit at 4% interest to various workers have to mobilize the cost of going abroad by
sectors of agriculture. Agrani Bank Ltd. issued circular either selling their property or borrowing money from
no. RCD/Covid-19/125/2021 dated 06.10.2021 in light of NGOs or local moneylenders at high rates of interest.
Bangladesh bank ACD Circular no.02 dated 14.09.2021. Consequently, provision of cheaper institutional loans
Under this scheme, banks will get refinancing facility by Agrani Bank will be very helpful for poor workers who

Directors’ Report
to the Shareholders
intend to go abroad and would also serve to increase Bank Limited has launched the first project in the country
their remittances. Agrani Bank Limited has launched called " Agrani Overseas Education Loan (AOEL)".
the project named “Agrani Loan for Overseas Worker Through this scheme loans of Rs. 3.00 (three) lakhs to
(ALOW)” for the benefit of citizens who intend to go maximum 5.00 (five) lakhs at 9% interest rate for 60
abroad for jobs. The bank has provided close support to months are given in favor of meritorious students going
them by lending money from the very beginning to meet abroad.
all requirements inclusive of obtaining their passport,
training, visa, medical tests and air-ticket. Approximately Initially, a project called " Agrani Loan for Overseas
11.86 crore taka have been disbursed to date from 122 Worker (ALOW)" was started with the idea of expatriate
Agrani Bank branches across the country under the workers in mind. Agrani Bank Limited also launched the
ALOW Project and new loan proposals are in progress. first “Agrani Abroad Higher Education Loan” project in
the country under the name “Agrani Loan for Overseas
Moreover, Agrani Bank Limited launched another project Worker (ALOW)”. Approved by the Board as per
named “Agrani Overseas Education Loan (AOEL)” for Memorandum No. 80/15 dated 12/02/15 to introduce
the benefit of citizens who intend to go abroad for loans for higher education abroad under the Agrani
study. Approximate 84 lakh taka has been disbursed to bidesh jawar Loan (ABJL) Unit. Approved the issue of
date from 20 of our branches across the country under introduction of loan for higher education abroad under.
the AOEL Project and further loan proposals are being Approval by the Board as per Memorandum No. 301/15
processed. dated 24/03/15. Approves payment in maximum 56 (fifty
seven) equal monthly installments (5 years) including
The Project’s Plan monthly moratorium / grace period.
Remittances have been playing a very important role in
From last April, 2014 to January 20, 2015, loans were
the economy of Bangladesh for the last few decades.
sanctioned for a total of 37 (ABJL) projects amounting to
This money sent by expatriates is considered as one
Tk. 84,96,800 /-. In order to bring more dynamism to the
of the regulators of our growth. Due to the lack of
project activities, there was a need to upgrade the project
coordination between the demand and supply of labor
to a separate unit. In view of this, in accordance with
in the domestic labor market, the expatriate labor
the Memorandum No. 61/15 dated 12/02/15, approved
market is considered as an important center of our labor
by the Board, the decision was taken to upgrade Agrani
force. However, not only the migrant workers, but also
bidesh jawar Loan (ABJL) project to a separate unit.
the income of the inner city dwellers has been helping
Approves repayment period in maximum 36 (thirty six)
to drive the wheel of rural economy. It is undeniable
equal monthly installments (3 years) including 3 (three)
that while remittances from expatriate workers are
months moratorium / grace period for expatriate workers
strengthening the foundations of the macro-economy,
under Migrant Workers Loan (ABJL) unit considering
remittances from domestic and expatriate workers are
the benefits of Migrant Workers (Board Approval
also playing an important role in poverty alleviation, food
Memorandum) No. 1390/15 dated 20/12/15).
security, child nutrition and education. This huge amount
of foreign exchange has reduced our dependence on
As per the circular No. ABJL / Administration / 98/18
foreign aid. Agrani Bank has launched the first “Agrani
dated 08/06/2018, the power of loan sanction has been
Loan for Overseas Worker (ALOW)” scheme in the
handed over to the head of the zone and the power to
country. Through this scheme, loans of 0.50 (fifty
grant loan at the corporate branch level to the concerned
thousand) lakhs to a maximum of 3.00 (three) lakhs are
branch head By As a result, customers will be able to take
given in favor of expatriate candidates for a period of 36
the loan in a shorter period of time.
months at 9% interest rate.
Bangladesh is rapidly moving ahead towards
The biggest driver of long-term economic growth is
development. As part of this voyage, many brilliant
human resource development. Other factors, even good
students from deprived families can be given the chance
governance, ultimately depend on improving the quality
to have admission for higher studies in local universities.
of human resources. There is no alternative to looking
It is planned to lend them an additional 3 to 5 lakh taka
at education planning as part of economic development
for studying in native country. Moreover, skilled migrant
strategy. And education for all is not enough, but the
workers will also be eligible to avail of this loan in the near
need to ensure quality education and the right to higher
future.
education for the children of low-income families. Agrani

Directors’ Report
to the Shareholders
Disbursement and Recovery of Project Loans Service Month, Recovery Month, Zoom Webinar, Meet
the Borrower, Crash Programme, Town Hall Meeting, view
Agrani Loan for Overseas Worker (ALOW)
exchange meeting etc.were conducted throughout the
Total number of loans 474
year for boosting up the recovery of the classified loans.
disbursed
Total loan disbursed amount 11,86,50,000/ TK. (up to
Comparative Position of Loan Recovery in 2020 & 2021
31-12-2021)
Total recovery amount 7,68,00,000/TK. (up to 31- Total loans and advances (including staff loan) on
12-2021) December 2020 and on December 2021 were respectively
Total number of branches 122 Tk. 51,944.08 crore and Tk.59,790.29 crore. Against
that have disbursed loans these, the amount of classified loans were Tk. 6,472.49
Rate of interest 9.00 % Crore and Tk.9,987.31 Crore which occupy respectively
12.46% and 16.70% of total loans and advances. During the
year 2020 total target of loan recovery was Tk. 3,000.00
Agrani Overseas Education Loan (AOEL)
crore among which Tk. 949.52 crore was recovered which
Total number of loans 22
constituted 31.70% of the total target whereas during the
disbursed
year 2021 total target of loan recovery was Tk. 2,900.00
Total loan disbursed 84,50,000/ TK. (up to 31-12-
amount 2021)
crore among which Tk. 720.27 crore was recovered which
constituted 24.84% of the total target.
Total recovery amount 68,00,000/TK. (up to 31-12-
2021)
The total recovery from written-off loans Tk. 90.61 crore
Total number of branches 20
that have disbursed loans and 73.57 crore in 2020 and 2021 respectively.
Rate of interest 9.00 % The total outstanding of Top-20 Classified Loans in 2020 and
2021 were Tk. 2,072.03 crore and Tk. 2,354.03 crore, on the
Loan Classification 2021 other hand, the recovery were Tk. 556.85 crore and Tk.
In 2021, total loan classification increased to Tk. 9,987.31 223.14 crore in which cash recovery was Tk. 13.48 crore
crore as against Tk.6,472.49 crore in 2020 and the and Tk. 39.16 crore respectively.
percentage of loan classification increased to 16.70 Some graphical representation of recovery scenario are
percent in 2021 as against 12.46 percent of 2020. The furnished below
amount of newly classified Loan Tk. 4,235.09 Crore in
2021 and after deduction of Recovery amount in 2021, as
a whole classified loan increased to Tk. 3,514.82 crore at Amount of NPL
the end of 2021.
9,987.31
8,000,00 6,804.48 6,993.38
6,642.82 6,472.49
7,000,00
Loan Recovery Activities 2021 5,569.55
6,000,00
4,640.41
Fixing the Recovery target from the very beginning of 5,000,00
4,000,00
the year 2021, action plans have been formulated and 3,000,00
accordingly recovery strategies were taken at the Head 2,000,00
1,000,00
Office and root levels of the bank to reduce the amount
0.00
of classified and written off loans of the Bank. In order 2015 2016 2017 2018 2019 2020 2021
YEAR
to implement the recovery strategy & Action plan
Throughout the year,monitoring, Supervision and follow-
up activities were continued to increase classified loan
Percentage of NPL
recovery by allocating the responsibilities of recovering
CL% with Staff Loan CL% without Staff Loan
Top-20 classified loans among the higher executives of
35.00%
the Bank .By forming “Recovery Cell” at the circle,Zonal 29.32%
30.00%
and Branch level,the monitoring, supervision and follow-up 25.00% 21.15% 19.73% 19.72%
have been made through the year.For conducting the loan 20.00% 25.59% 15.73%
13.64% 14.07%
recovery activities,all the concerned Executives/Officers/ 15.00% 18.67%
17.45% 17.67%
Staff are instructed by the instruction circular regarding 10.00% 14.26%
12.46% 12.97%
5.00%
“Classified and Written off Loan Recovery Strategy
0.00%
and Action plan-2021”. Beside these, Management 2015 2016 2017 2018 2019 2020 2021
Authorities 90 day’s Special Action Plan with Customer YEAR

Directors’ Report
to the Shareholders
(BDT in crore )
Amount & Percentage of NPL
NPL Amount NPL% with Staff Loan NPL% without Staff Loan Description Year 2021 Year 2020 Year 2019
9,000.00 35.00%
Entries Amount Entries Amount Entries Amount
29.32%
8,000.00
30.00%
7,000.00 Debit 7998 1,852.53 9974 5,555.67 9959 1,409.66
21.15% 25.00%
6,000.00 19.73%
19.72%
25.59% 20.00% Credit 13236 977.79 16413 4,752.59 17010 1,436.52
5,000.00 15.73%
13.64% 14.07%
4,000.00 18.67% 15.00%
17.45% 17.67%
3,000.00 14.26% 16.70%
12.46%
4,640.41
10.00%
For inter-branch transactions, the bank has a separate
6,804.48
5,569.55
6,993.38
6,642.82
6,472.49
9,987.31
2,000.00
5.00%
1,000.00
department called reconciliation division. The division
0.00 0.00%
2015 2016 2017 2018 2019 2020 2021 is currently conducting fast inter-branch accounting
YEAR operations using "Agrani Bank Reconciliation System"
software. The amount of provision inter- branch
transactions of the bank for the old unreconciled entry is
Classified Loan & It’s Recovery gradually decreasing.
Total CL Total Recovery
2,213.10
9,000.00
2,000.00
The following is a comparative picture of the provision for
8,000.00
7,000.00
1,287.80
1,500.00 unreconcilled inter-branch transactions of different years
666.50 02.13
based on 31st December.
6,000.00 1,000.00
512.89 540.03 481.34
5,000.00 576.04 500.00
366.31 379.23 319.04 410.73
4,000.00 218.38 218.78
0.00 (BDT in crore )
213.59 37.80 29.01 20.15
3,000.00 34.32 10.76 72.66
-500.00
6,804.48
1,058.26
2,661.63
6,993.38
4,640.41
1,092.78
5,569.55
6,642.82
6,472.49
9,987.31
1,874.50
2,000.00
949.52
720.27
953.58
1,000.00 -1,000.00
Year 2015 2016 2017 2018 2019 2020 2021
0.00 -1,500.00
2015 2016 2017 2018 2019 2020 2021 Provision 70.58 120.58 112.91 112.91 26.31 15.70 8.88
In 2021, more emphasis has been placed on the integration

of old entries and the creation of new provisions from the
Written off Loan & it’s Recovery emerging inter-branch transactions of 2020. As a result,
WO Amount Total W/O Recovery Cash Recovery the provision in the inter-branch accounting sector has
5,000.00 111.26 120.00
decreased in 2021 as compared to 2020.
91.07
4,000.00
100.00 Comparative figure of provision of unreconciled entries as
79.31
64.99 80.00 on the basis of 31, December, 2021 & 2020 is shown below
3,000.00
56.96
48.81 60.00 (BDT in crore )
2,000.00 40.12
40.00 Year 2021 2020
4,889.44
5,538.94
4,801.40
4,590.89
4,536.85
4,442.20
5,559.09
221.27
132.45
122.36
126.71
1,000.00
90.61
73.57
Provision 8.88 15.70

71.94
20.00
0.00 0.00
2015 2016 2017 2018 2019 2020 2021 Help Desk
Agrani Bank Reconciliation System Agrani Bank Limited provides all time help desk service
Agrani Bank Limited has been moving ahead with the to all of its online branches. In addition to that, help desk
process of digitalization in various fields by following a exists in all branches. Any problem of the customer is
dynamic concept “Digital Bangladesh’’ discovered by the being primarily resolved by the help desk.
leader of the nation, The mother of peace, our Hon'ble
Prime Minister Sheikh Hasina. As part of this, the inter- Branch Expansion
branch accounts of the bank have been brought under
The total number of Bank’s branches stands at 962 at
digitalization. Computerized MO and NG process has been
December 2021 which was 960 in 2020. It has been
going on since May 2013 from Manual MO and NG sector.
As a result, the dynamics of inter-branch accounting has planned to open more branches in all upazillas as well as
increased significantly compared to the pre-2013 MO and all commercially important places of the country in the
NG reconciliation. The following is a comparative picture coming years so that the Bank can deliver its service to
of incoherent entries of 31st December 2021, 2020 and the wider group of clients all over the country.
2019 inter-branch transactions.

Directors’ Report
to the Shareholders
Financial Performance Future Planning of Islami Banking of Agrani Bank

Limited
Total Operating Income Islami banking activities of Agrani Bank Limited has
Total operating income reached Tk. 2,396.50 crore, led already passed its successful 11 years' journey. At
by new high in investment income. present 17 Islami Banking Windows are providing
service proving gradual advancement in terms of
Total Operating Expenses
deposit collection, investment disbursement and profit
The Bank’s total operating expenses was Tk. 1,748.37
earning having started with only five windows initially.
crore in 2021 as against Tk. 1,758.14 crore in 2020 which
Apart from this, after approval from Bangladesh Bank
indicates a decrease of 0.56 percent over the last year.
This is mainly due to extreme austerity maintained in the 49 more windows are waiting to start their journey.
Bank to overcome financial fatality in the financial sector Islami Banking Windows are within On-line network
caused by Covid-19. and providing real time online service to its customers.
Islami Banking service has been introduced through
Operating Profit
IBM from all the branches of Agrani Bank under the
Operating profit stood at Tk. 648.13 crore at the end of corporate service of the bank. An advisor is going to
2021.
be appointed as General Manager for making islami
Appropriation of Profit banking service more popular and dynamic.
During 2021, ABL earned Tk. 648.13 crore before
provision and tax which has been appropriated in the Shariah banking of Agrani Bank has already occupied a
following manner: significant place among the State Owned Commercial
Banks, which will be strengthened in near future in-
(BDT in crore )
sha-Allah.
Particulars 2021 2020
Profit/(Loss) before provision & tax 648.13 662.21
Islami Banking Services/Products of Agrani Bank
Provision for loans and advances 125.00 101.94
Limited
Other provision (Including incentive 356.42 330.72
bonus) Shariah Based different Deposit products
Total provision 481.42 432.66
1. Al Wadiah Current Deposit Account
Net profit/(loss) before tax 166.71 229.54
2. Mudaraba Deposit Account
Current tax 89.22 120.42
Deferred tax (60.00) 123.39
2.1 Mudaraba Savings 2.5 Mudaraba Hajj Savings
Total provision for tax 29.22 243.61 Account Scheme
Net profit/(loss) after tax 137.49 (14.06)
2.2 MudarabaTerm Deposit 2.6 Mudaraba Special
Add: Retained surplus from the (284.90) (72.31)
previous year (MTDR) Savings Scheme
Net effect of Equity-Retained earnings 13.38 (198.53)
2.3 Mudaraba Special 2.7 Mudaraba Mohor
Appropration (34.72) -
Notice Deposit (MSND) Savings Scheme
Retained surplus/(deficit) (168.75) (284.90)
2.4 Mudaraba Probashi 2.8 Mudaraba Cash Waqf
The Continuous Advancement of Islami Banking in Kalyan Savings Account Savings Scheme
Agrani Bank Limited
Among the state-owned commercial banks in Bangladesh
To collect long term deposits a new deposit product
Agrani Bank Limited is the first to introduce shariah-based
Agrani Mudaraba Savings Bond (MSB) has been
islami banking activities with five islami banking windows
introduced and an old product named Mudaraba Monthly
since February 28, 2010 and with 12 other now it has
increased to 17 windows in different important places of Profit Deposit Scheme (MMPDS) has been restarted
the country on condition that the installation of separate recently.
boundary and counter and accounting system concerning
to shariah principles must be ensured.

Directors’ Report
to the Shareholders
Shariah Based different Investment modes operation at EPZ Corporate Branch, Bay Shopping Center,
1. Bai-Murabaha EPZ, Chattogram, but its main activities are operated
from Agrani Bank Limited, International Trade & Foreign
2. Bai-Muajjal
Currency Management Division, Head Office, Dhaka, since
3. Hire Purchase under Shirkatul Melk
most of the customers of OBU are Dhaka-based. There is
no restriction on the physical location of OBU.
Shariah Based different Sevices
Foreign Remittance, LC Opening, Issuing Guarantee and Although the Offshore Banking Unit is a part of Agrani
Quard Hasanah. Bank Limited and its operating results are ultimately
combined in the final accounts of the bank, some of the
Achievement of Islami Banking in last 5 years unique features of the OBU require separate accounting
(BDT in crore) treatment and procedures for the operation of their
business transactions. Hence, Agrani Bank Limited shall
Deposit Total Investment Total
Year Profit maintain separate accounts relating to their offshore
Accounts Deposit Accounts Investment
banking business for the purpose of assessing financial
2021 8,887 1,169.57 1,672 266.46 7.44
performance and other purposes. However, offshore
2020 6,788 795.86 1,051 216.09 5.01 banking operations must be included in equivalent
2019 5,059 346.15 816 192.92 9.14 Bangladeshi Taka (BDT) denominations when preparing
the bank's basic financial statements as a business line.
2018 4,931 326.03 809 133.64 12.52
2017 4,683 112.71 696 108.67 9.52
Exposure of Agrani Bank Limited Offshore Banking Unit
(OBU) at a Glance
Offshore Banking Unit (OBU) (Million USD)
Bangladesh as a developing country, needs rapid Year Amount Growth (Amount) Growth %
industrialization as well as the development of trade 2021 173.40 13.70 8.58%
and commerce to maintain sustainable growth in the 2020 159.70 19.19 13.66%
economy. For this reason, Bangladesh needs an adequate
2019 140.51 30.04 27.19%
source of capital with a competitive price. Private capital
in Bangladesh is not plentiful because there is a lack of a 2018 110.47 77.43 -
variety of sources of funds. As an alternative, Bangladesh Major Investment Area of Offshore Banking Unit (OBU)
Bank has taken a policy of attracting foreign investment.
• Power/Energy Sector • Paper Mills
Because there is ample scope and, indeed, a necessity to
• Garments Sector • Electronics Industry
encourage investment from abroad. Bangladesh Bank has • Agro Based Business • Knitting Industry
started allowing Offshore Banking Unit (OBU) operations • Spinning Mills • Leather Sector
for commercial banks via Banking Control Department • Steal & Engineering • Light Metal Industry
(BCD) Circular No. (P) 744(27), dated December 17, 1985 • Pharmaceuticals • Chemical Industry
in Bangladesh. Bangladesh Bank has recently issued a • Jute Spinning Mills
comprehensive policy for operating Offshore Banking Subsidiary Companies of Agrani Bank Limited
Unit (OBU) through BRPD Circular No. 02 dated February
Agrani Bank Limited has six subsidiary companies of its
25, 2019. This OBU policy will be steered according
100 percent ownership. Two of them are in Bangladesh
to guidelines issued by the Bangladesh Bank. Any
and four are abroad. The companies are as follows:
subsequent changes in regulations will be implemented
as needed. Agrani Equity & Investment Limited
An Offshore Banking Unit, or OBU is a separate unit of Agrani Bank Limited began to take part in the capital
a bank, dealing specifically with only foreign currency market operations because it obtained licence from BSEC
transactions of fully foreign owned enterprises or other on 23rd March, 2009. Initially its operations were executed
than fully foreign-owned enterprises located in free trade under Merchant Banking Unit of the bank. On March 16,
zones, juristic persons or natural persons not resident in 2010, onward the Bank has formed a subsidiary company
Bangladesh, persons residents and for local companies named ‘Agrani Equity & Investment Limited’. “Agrani
in certain cases. OBU can borrow, lend, and provide Equity & Investment Limited” as a full-fledged merchant
international banking services to its intending non- bank has started its operation on 15th June, 2010 taking
resident and eligible resident customers. all the assets and liabilities of merchant banking unit
of Agrani Bank Limited. Agrani Equity & Investment
The EPZ Corporate Branch, Chattogram of the Bank obtained Limited started its operation with the vision to become
the Offshore Banking Unit ("the Unit") License/Permission the market leader in merchant banking operations by
first among the entire commercial banks in Bangladesh via acting as a market maker and ensure development of the
letter No. BL/DA/5175/87 dated March 7, 1987. After getting capital market by active participation. To act as a strong
approval, the Offshore Banking Unit (OBU) commenced its participant for increasing market depth which will ensure

Directors’ Report
to the Shareholders
the proper channelling of funds among banks, NBFI’s & Geographical Coverage
capital market. The activities of the Company are issue
• Principal Branch is located at Head Office, Dhaka
management, underwriting, portfolio management and
financial advisory services. • 20 Branches in greater Faridpur district.
Operational Performance • 20 Branches in greater Mymensingh district.

Even though the capital market observed bearish trend • During the year 2015, 2016 and 2019 more Twelve
throughout the year 2021, Agrani Equity & Investment new branches have been opened at different places
Limited posted an operating profit of Tk. 73.00 crore and are in operation. These branches are Natun
boosted by the collective efforts of all executives and Bazar Branch, Barisal; Abdul Hamid Road Branch,
employees of the organization. Dividend income was Tk. Pabna; Pakundia Branch, Kishoregonj; Chandpur
15.35 crore and capital gain was Tk. 62.18 crore in 2021. Branch, Chandpur; Comilla Branch, Comilla; Gazipur
Summary of the Financial Results: Branch, Gazipur; Sunamganj Branch, Sunamganj;
(BDT in crore ) Mithamain Branch, Kishoregonj; and Madhabdi
Branch, Narsingdi; Moulvibazar Branch, Moulvibazar;
Shaistaganj Branch, Shaistaganj; Sylhet Branch,
Interest Income 10.19 0.79 Sylhet.
Capital Gain 62.18 15.47
• Total 53 Branches.
Dividend Income 15.35 16.08
Other Income 9.65 0.39 Contribution of Agrani SME Financing Company Limited
Operating Expense 24.38 26.96 in development of entrepreneurship as NBFI owned by
Operating Profit 73.00 5.77 Agrani Bank Limited
Provision for unrealzed loss on - - Agrani SME Financing Company Limited is the only
Security Non-Bank Financial Institution (NBFI) owned by a state
Provision for Taxes 9.29 4.76 owned commercial Bank, Agrani Bank Limited. From the
Net Profit 63.71 1.01 inception, Agrani SME Financing Company Limited has
disbursed the SME credit to 31,892 entrepreneurs. At
Agrani SME Financing Company Limited present (December 31, 2021) total number of existing
Agrani SME Financing Company Limited was registered loanee /entrepreneurs is 13,538. During this period
with the Registrar of Joint Stock Companies & Firms (December 31, 2021) company has given loan among
on October 27, 2010 as 100 percent owned Subsidiary the 4,136 women entrepreneurs. The company also has
Public Limited Company of Agrani Bank Limited. It earned net profit of TK.3.82 crore in 2013, TK.6.02 crore
emerged as a Non-bank Financial Institution (NBFI) in 2014, TK. 3.66 crore in 2015 , TK. 0.97 crore in 2016
having License from Bangladesh Bank on January 31, ,TK.2.17 crore in 2017, TK.4.53 crore in 2018 ,TK.7.21 crore
2011. The NBFI is rendering financial services to the in 2019, TK.6.34 crorer in 2020,TK.9.11 crorer (un Audited)
existing and potential entrepreneurs in Bangladesh. It in 2021 .The main objectives of the company is to generate
is for the development of entrepreneurship as well as employment through entrepreneurship development/
small and medium scale labour intensive enterprises to creation. Up to December 31, 2021, the company has
increase the income and employment for the missing
created employment to 73,318 persons. Through
middle eligible entrepreneurs with particular emphasis to
providing financial assistance the Company is alleviating
women entrepreneurs in the urban, semi-urban and rural
poverty by generating employment to the entrepreneurs
areas in the operational areas of the Company.
and employment to others who were engaged by
the entrepreneurs with giving special emphasis to
Objectives
strengthening women empowerment. The Company also
* Develop entrepreneurship and small/medium scale
promoting Small and Cottage industries and Medium
labour intensive enterprises;
enterprises, establishing backward linkage to small scale
* Increase income and employment for the enterprises by integrating Missing Middle people of the
entrepreneurs; country. The company is in its heartiest endeavor to
* Promote women entrepreneurs; and develop the socio-economic status of the country beside
* Generate income and support a more equitable the contribution of the holding company i.e. Agrani Bank
income distribution. Limited so that SDG could be achieved by 2030.

Directors’ Report
to the Shareholders
Agrani Exchange House Private Limited, Singapore

Agrani Exchange House Private Limited (AGEX) is a remittance company incorporated in Singapore on January 04,
2002 under Company Act CAP.50. It is a fully owned subsidiary of Agrani Bank Limited, embarked its journey in
Singapore on February 08,2002 for catering the long-felt need of hassle-free transfer of money by the Bangladeshi
expatriates from Singapore. It’s authorized & paid up capital are SGD 10,00,000.00 and SGD 10,00,000.00
respectively.
Products and Services
The Company has developed products and services through the years to satisfy various remittance needs of Bangladeshi
migrant workers in Singapore. The products are as
(i) Account Credit - For Agrani Bank Account : “Real Time” online crediting to the designated beneficiary ‘s bank
account with any branch of Agrani Bank limited in the Bangladesh ;. From October 2018, Agrani exchange house is
operated by its own software (Agrani Remit) and connected with T24 Real time software. For other bank‘s account:
crediting though BEFTN to the designated beneficiary‘s bank account other than Agrani Bank within 24 to 48
hours.
(ii) Ready Cash: This mood of remittance allows the designated beneficiary to collect money instantly form any branch
of Agrani Bank Limited, Sonali Bank Limited, Bangladesh Krishi Bank and BASIC Bank Limited in Bangladesh.
(iii) Multi-Coridoor Remittance: Agrani Exchange House Private Limited is providing Multi-Coridoor Remittance
service to India and Indonesia from April and December 2018 respectively. Now it if offering remittance services to
Malaysia, Philippines, Nepal, Bhutan and more than 200 countries.
(iv) Other Services:(a) Agrani Exchange House Singapore also helps remitters to open Savings/ABS/FDR account in
Bangladesh. In 2021 it opens more than 6069 various accounts all over Bangladesh which is the highest in any year.
(v) The company also provides services to the Migrant Bangladeshi Nationals to invest their hard earned money in
Wages Earners Development Bond (WEDB), US Dollar premium Bonds, US Dollar investment Bonds etc. In 2021 the
WEDB Investment through Agex is BDT 102.45 Crore which is all time record.
Year No. of Remittance Amount in SGD (Million) Amount in BDT (Million)

No. Change Growth AMT Change Growth AMT Change Growth
2021 238125 (4258) (1.76) 300.00 (12.67) (4.05) 18938.47 (408.93) (2.11)
2020 242383 30938 16.43 312.67 108.72 53.31 19347.45 6715.64 53.16
2019 211445 43343 25.78 203.95 67.91 49.92 12,631.81 4,205.20 49.92
2018 168102 (15690) (8.54) 136.04 (3.04) (2.18) 8,423.61 294.7 3.49
2017 183,792 (80,335) (30.41%) 139.08 (45.31) (24.57%) 8,128.91 (2,369.92) (22.57)
2016 264,127 (47254) (15.12%) 184.39 (18.86) (9.27%) 10,498.83 (1,041.52) (9.02)
2015 312381 (11384) (3.51%) 203.25 (1.29) (0.63%) 11540.35 (995.35) (7.94)
“Agrani Remit”- the first ever mobile App for Remittance services
Agrani Exchange House is the first Bangladeshi remittance companies that introduced remittance service through
mobile Apps. “ Agrani Remit” is the ever first step to the digital payment platform available at “ App Store” and “Google
Play” store. 17 March 2020, Agrani Bank Limited inaugurated the Mobile remittance service from Singapore to
celebrate the Birthday century of The Father of the Nation BangaBandhu Sheikh Mujibur Rahman. This platform helps
the migrant worker to send their hard earned money from any place, any time. They do not need to visit the branch
physically to send the money to their near and dear ones.
New Venture – Collaboration with MoneyGram

Agreement signing virtual meeting of launching a new collaboration venture with MoneyGram international Pte. Ltd. a
world leader in P2P payments and mpney transfer, operates in more than 200 countries and territories, with over 70
countries now digitally enabled. This will open a new era of Agrani Exchange House Private Limited., Singapore. We are
honored to have our MD & CEO, Mohammad Shams-Ul Islam Sir with us. Riz Sohail Ahmed, Head of South Asia and Asia
Pacific, MoneyGram International from UAE also joined the introductory meeting. ASM Shariful Islam, CEO of Agrani
Exchange Private Limited,Singapore, Md Rejaul Karim, Deputy General Manager and Head of FRMD, Agrani Bank

Directors’ Report
to the Shareholders
Limited, Sam Darmawan, Regional Head, North Asia & business all over Canada in same registration) company,
Singapore, MoneyGram International, Shyamol Chandra registered under the Canada Business Corporation Act of
Mahottom, AGM, FRMD, ABL from Bangladesh was Industry Canada, as on May 11, 2012 with an objective to
serve the expatriate Bangladeshi community in Canada,
present during the meeting.
as a part of Agrani Bank Limited’s social commitment
Mohammad Shams-Ul Islam, MD & CEO expressed to the people of the country to comply with the Money
Service Business (MSB) regulations of Canada, ARHC
genuine interest in continueing and developing the
Inc. is also registered with the Financial Transactions and
business relationship in future. Reporting Analysis Centre of Canada (FINTRAC).
Agrani Remittance House Sdn Bhd, Malaysia ARHC Inc. is the only subsidiary company of a
Agrani Bank Limited, one of the leading state owned Government Bank of Bangladesh, is strategically located
banks of Bangladesh, intiated its journey in Malaysia on 2978 Danforth Avenue, Unit#2, Toronto, Ontario,
in 2006 upon approval from the Ministry of Finance of Canada the highest Bangladeshi concentrated area
the Government of the Peoples Republic of Bangladesh of Canada., and started its operation on May 26, 2014
to meet the long-felt desire of a huge number of and despite strong competition and challenges. Within
Bangladeshi Expatriates with a view to remitting money a short span of time, ARHC Inc. achieved ubstantial
safely & conveniently through banking channel. Agrani progress and remitted 13.72 Million Canadian Dollars
Remittance House Sdn Bhd, as a subsidiary of Agrani (CAD).
Bank Ltd commenced its business with one branch
in the capital city at No. 33, Jalan Tun Tan Siew Sin, Anti-Money Laundering and Terrorist Financing
50050,Kuala Lumpur and is keeping a good pace even in Money Laundering means transfer, conversion, remitting
increasingly difficult situation for Remittance Business in abroad or remit or bring from abroad to Bangladesh the
Malaysia. proceeds or properties acquired through commission
of a predicate offence for the purpose of concealing or
Remittance Business in all over the Globe has been disguising the illicit origin of the property or smuggle
suffering due to stronger US Dollar, recession in some abroad fund or property earned through legal or illegal
economic zones including China & Russia and unexpected means. Agrani Bank Limited maintains an organizational
currency war in the last few months during worldwide structure for effective compliance of Anti-Money
COVID-19 pandemic. Agrani Bank Ltd still continues its laundering activities which includes:
development in remittance procurement remarkably.
Agrani Remittance House (ARH) is contributing 1) Branches comply with the norms and procedures of
significantly to this Herculean Effort by sending bulk of AML & CFT in opening accounts of the customers.
remittances. Mentionable that Six (6) branches of ARH They are collecting accurate and complete
are successfully assisting Bangladeshi expatriates for information, keeping records, properly preparation
sending money, opening bank account with different of KYC (know your customer) and TP (transaction
branches of Agrani Bank Limited, Bangladesh and in profile), preservation and monitoring.
buying Wage Earners Development Bond (WEDB),US
2) Cash Transaction Report (CTR), Suspicious
Dollar Investment Bond & US Dollar Premium Bond of
Transaction Report (STR) & Suspicious Activity
Bangladesh Government. Agrani Remittance House (ARH)
Report (SAR) are send to the Regulatory authorities
remitted BDT : 330.54 crore in 2021.
i.e. Bangladesh Financial Intelligence Unit through
goAML middleware system.
Agrani Remittance House (ARH) has a strategic plan in
2021 to expand its business by opening new branches 3) Agrani Bank Limited emphasizes importance of
and appointing new agents in Malaysia, establishing Anti-Money Laundering Training for all employees &
drawing arrangement with other NCBs & NGOs and subsequently training programs are in progress.
entering new era by opening new corridors in providing
4) Velocity AML Solution Suite Software has been
remittance services to Nepal, Indonesia, Philippines, India
introduced for UN Sanction Screening list on
and Pakistan.
24.07.18.
The company is very much committed to serving the 5) Agrani Bank Limited published “Money Laundering
Bangladeshi Expatriates in Malaysia maintaining the & Terrorist Financing Risk Management” Guidelines
international level of efficiency, quality & customer on Money laundering on the light of Bangladesh
service and to increase business with multi-dimensional Bank’s Money Laundering Risk Management
approach that will ensure the sustainable development of Guidelines & also published “Compliance of AML &
the company in times ahead. CFT: Policy & Procedure-Guide Book” in Bangla.
Agrani Remittance House Canada Inc. Money Laundering Risk

After approved by the Bangladesh Bank, Agrani Bank Money Laundering Risk is a potential deviance for
Limited opened its subsidiary, a 100 % owned, Agrani legal or regulatory penalties, material financial loss
Remittance House Canada Inc. (ARHC Inc.), a federally or reputational damage resulting from the failure to
incorporated ( by which the company is able to do comply with applicable laws and regulations relating

Directors’ Report
to the Shareholders
to The Money Laundering Prevention Act, 2012 with simplicity.

latest amendments and The Anti-Terrorism Act, 2009  Monthly Cash Transaction Report (CTR) are
with latest amendments, Money Laundering Prevention submitted to Bangladesh Financial Intelligence
Rules 2019, Anti-Terrorism Rules 2013, Bangladesh Unit (BFIU) using goAML web for the customers
Financial Intelligence Unit (BFIU) Guidelines for Money depositing or withdrawing cash amounting/above
Laundering and Terrorist Financing Risk Management BDT 1.00 million or Equivalent amount in foreign
and international standards. currency above in a day.
 Monitoring of suspicious transaction is carried out
Roles and Responsibilities through internal technique of the bank. Agrani Bank
For mitigating the risks, Agrani Bank Limited has formed Limited send Suspicious Transaction Report (STR)/
Central Compliance Committee (CCC) at Head office Suspicious Activity Report (SAR) to the BFIU if any
headed by the Chief Anti-Money Laundering Compliance suspicion is detected.
Officer (CAMLCO) equivalent to General Manager  Agrani Bank Limited has conducted AML training/
(GM). The roles of the CAMLCO are to establish and workshop through HR Training, Research &
maintain effective systems and control to meet legal and Development Division on a periodic basis to create
regulatory obligations in respect of Money Laundering awareness among the employees of the bank.
Risk. The CAMLCO is the chief reporting officer and Contribution to National Exchequer
reports to the MD & CEO of Agrani Bank Limited. The The Government is the most important stakeholder
bank has also nominated Deputy CAMLCO, Branch that plays a critical role in the economic development of
Anti-Money Laundering Compliance Officer (BAMLCO) the country. Being a legitimate and ethical entity, ABL
and reporting officer for monitoring and reporting to contributes to the National Exchequer as and when
the higher authority regarding the compliance issues of percived needful or required, such as deduction of
Money Laundering Risk. As the first line, the reporting income tax, value added tax and excise duty at source
officers at branch level have responsibilities for the as per law from various expenditure, interest on deposit
application of policy controls and the identification and and banking services and deposited to the Government
measurement of money laundering risk .The reporting Exchequer. ABL also deducted AIT and deposited to the
officers must communicate risks and any policy non- Government Exchequer on behalf of its employees. ABL
compliance to the second line (BAMLCO) for review. made a handsome contribution to National Exchequer
Similarly, the reporting and review process flow upwards of an amount equal to Tk.1084.16 crore and Tk. 877.22
from BAMLCO to RAMLCO and RAMLCO to CAMLCO. crore respectively in 2021 and 2020. This reflects
Mitigation its fair and consistent commitment towards national
contribution.
Being a Bank Company, Agrani Bank Limited has
statutory obligation to comply with all applicable (BDT in crore )
Anti-Money Laundering rules and regulations. In line Particulars 2021 2020
with evolving regulatory rules and acts relating to the
prevention and combating process, Agrani Bank Limited AIT(Withholding Tax) 108.30 70.05
has formulated its own policy, guidelines and manuals
followed and implemented by the officials at all level of Payment of tax on Bank’s income 251.95 213.44
its effective management. The following activities are Tax on staff salaries deducted and 10.00 2.40
carried out by Agrani Bank Limited diminish the risk deposited
regarding money laundering risk:
TDS on interest on deposit 427.62 414.91
 Agrani Bank Limited has formed CCC headed by the
CAMLCO. VAT deducted at source and deposited 120.01 101.66
 Agrani Bank Limited has formulated its own policy Excise duty deducted and deposited 166.28 74.76
guidelines and manuals related to money laundering
risk and these are subjected to update as per Total 1,084.16 877.22
necessity.
 Agrani Bank Limited has introduced uniform Prospects 2022
Account Opening Form in which ‘Know Your Though the outbreak of omicron variant has made the
Customer’ (KYC) and ‘Transaction Profile’ (TP) are
prospect for 2022 a bit gloomy the continuation of the
included. As the part of KYC requirements, duly
filled in KYC form is mandatory for account opening accomodative monetary policy together with stable
Agrani Bank Limited has checked the reference and inflation is bound to generate positive sentiments relating
the back ground of the applicants compulsorily as to the country’s economic revival. Despite this uncertain
per instruction of central bank. environment BoD remains confident that our business
 Agrani Bank Limited has introduced Automated model, strategic priorities and key growth platforms will
Screening Software named as “Velocity AML continue to deliver value and benefit to our stakeholders in
Solutions Suite Software” to comply with Anti-
the years to come.
Money Laundering (AML), and Foreign Accounts Tax
Compliance Act (FATCA) regulations with ease and The BoD remains hopeful of growing our business as

Directors’ Report
to the Shareholders
ABL continues to pursue organic and acquisitive growth Our views in this regard –
opportunities. Our balance sheet is well placed to support Our IT experts has worked on the issue. They opine that
our objectives.We are already convinced that we have great the gap found between ‘Currency Amount’ and ‘Local
potential in all areas.Inspite of it we also know that we have Currency Amount’ by the auditors on ’Deposit & Other
to invest leverage to this potential.We have to invest in Accounts’ of 31 branches amounting BDT 39.73 crore,
technology, invest in our global and local network. is a reporting error. Actually the gap has no financial
BoD will make every possible effort to guide the bank in implication. In order to resolve the issue our experts are
earning high operating profit, maintaining minimum capital continuously working on it with Temenos T24 authority
adequecy, bringing classified loan at a minimu level and and they have already been able to minimise the gap
to doing the best in all sectors including deposit, credit, to BDT 2.68 Crore. In addition, an updated version of
import, export, remittance, cost of fund etc.We hope Temenos T24 is going to be implemented on this June. It
that combination of cost discipline, investments in our is highly expected that any type of reporting gap will not
strengths and consistent implementation of our strategy exit in the new version of Core Banking Software (CBS).
will put us on a robust and sustainable growth path. Appointment of Auditors
Preparation of Financial Statements A. Qasem & Co. And Masih Muhith Haque & Co. Chartered
The financial statements, prepared by the Bank in Accountants worked as the external Auditors of the Bank
accordance with the International Accounting Standards for the year ending 31 December 2021. Two new audit
(IAS) and International Financial Reporting Standards firms selected from among the audit firms enlisted by
(IFRS) and in the format prescribed by Bangladesh Bangladesh Bank are proposed to be appointed for the
Bank vide BRPD Circular No. 14 dated 25 June 2003, next accounting year in the 15th Annual General Meeting
give a true and fair view of the financial statements as of the Bank.
on December 31, 2021. The results of its operations Acknowledgement
and its cash flows for the year ended on December 31,
The success of the Bank during the year under review
2021 complying with the applicable sections of The
is mainly attributable to the support and cooperation
Bank Companies Act 1991 and other relevant laws and
from the varied groups of stakeholders. We gratefully
regulations. The financial statements have been duly
acknowledge the support provided by all valued
certified by the statutory auditors.
customers who have been associated with us in the
Dividend Declaration course of our arduous journey. We also place on record
The Board of Directors did not recommend any dividend our thanks and gratitude to the patrons, well-wishers,
for the year 2021. Government of Bangladesh, Bangladesh Bank and
Registrar of Joint Stock Companies and Firms for
Statutory Audit and Auditors' Opinion
their continued support and co-operation. We are also
External audit farms namely ‘A. Qasem & Co.’ and ‘Masih thankful to A. Qasem & Co. and Masih Muhith Haque &
Muhith Haque & Co.’, Chartered Accountants have been Co., Chartered Accountants, the auditors of the Bank, for
appointed by the Bank to carry out auditing of Financial their timely completion of audit of Financial Statements.
Reports. They audited Financial Report of 2021 and have
given “Qualified Opinion” on one issue. The officials including the members of top management
of the Bank came up with their total commitment in
Qualified Opinion point - implementing the agenda for improvement in a number
“We refer to note 11 to the financial statements, which of spheres of the banking operation. The Board takes
depicts ‘Deposit and Other Accounts’ amounting BDT privilege to thank them all.
1,00,864.39 crore. On a sample basis, we have performed
audit procedures on Deposits & Other Accounts in 31 Finally, the Board would like to thank the respected
branches which accountiong for 27% of the total deposits shareholders and assure them that it will continue
held by the bank. We have observed a difference of BDT to add to the shareholders’ interest through further
39.73 crore between the financial statements and the strengthening and development of the Bank in which
detailed account-wise break-up of the deposit balance of they have continuously placed trust and confidence.
these 31 branches. The bank’s management was unable For and on behalf of the Board of Directors
to provide any reconciliation regarding the said difference.
Additionally, we were unable to verify the said difference
by alternative audit procedures. Thus, we were unable
to determine whether or not any adjustments were
necessary for the said balance. It is pertinent to note that Dr. Zaid Bakht
the amount of this difference itself implies malfunction Chairman
in the bank’s core banking solution, which could have had
severe consequences on the financial statements.”

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Integrated
REPORT
A New Corporate Paradigm 138

Products and Services 139-140
Business Strategy 141
Corporate Governance 142-155
Board Audit Committee 156-160
Internal Control and Compliance 161-166
Risk Management 167-175
Disclosure Under Basel-III 176-187
Economic Impact Report 188
Integrated Report
A New Corporate Paradigm
Agrani Bank Limited operates with a diversified, market-driven business corporate model that helps to enhance
our operational resilience to adjust and adopt changes in response to the needs of our customers and external
environment. Our business model is aligned with our vision of being a leading, diversified transatlantic bank with
global business jurisdiction.
We draw on We aim to We aim to We support our

the following provide quality deliver broad stakeholders via
to support services to spectrum of a commercially
our activities help customers value through successful that
and deliver and clients, the way of our generates
value to our create, grow commitment business
stakeholders. and protect to serve the long-term
wealth in a nation of our sustainable
sustainable country returns.
way.
Deposit • Agrani Bank Prabash Deposit scheme

• Agrani Bank Deposit scheme for Women
Low cost/No cost Deposit Accounts
• Agrani Senior Citizen Savings Scheme
• Current Deposit (CD)
• Agrani Bank Sanchay Pension Scheme (ASPS)
• Savings Deposit (SB)
• Agrani Bank Wage Earners Deposit Scheme
• Special Notice Time Deposit (SNTD)
• Non-Resident Special Taka Account (NRTA) Foreign Currency Account
• Non-Resident Investors Taka Account (NRIT) • Foreign Currency (FC) A/C
• Students Savings A/C (School Banking) • Non-Resident Foreign Currency Deposit (NFCD) A/C
• Small Life Insurance Policy Holders A/C • Resident Foreign Currency Deposit (RFCD) A/C
• Ten Taka Farmers A/C • Exporters Retention Quota (ERQ) A/C
• Freedom Fighters A/C

• Other Beneficiaries A/C under Social Securities Program
FDR Account Loans & Advances

• Fixed Deposit (FDR) Continuous Loan
Deposit Scheme • Cash Credit (Hypo)
• Agrani Education Scheme • Cash Credit (Pledge)
• Agrani Super Savings • Secured Overdraft (SOD)
• Agrani Bank Pension Scheme (APS) Term Loan

• Agrani Bank Bishesh Shanchay Scheme (ABS) • Industrial Credit (IC)
• Agrani Bank Quarterly Income scheme • Housing Loan (General & Commercial)
• Agrani Bank Double Benifit scheme • Consumer Credit
• Agrani Bank Millinionaire Deposit scheme • Loan for Overseas Employment
• Agrani Bank Lakhpoti Deposit scheme • Weavers’ Credit

Integrated Report
Rural & Agro Credit Foreign Exchange Market

• Crop Loan • Selling Foreign Currency for Import Payment
• Fishery Loan • Buying Foreign Currency against Export Proceeds
• Animal Husbandry Loan • Fixation of Exchange Rate
• Agri Machinery Loan • Foreign Currency Buying and Selling
• Rural Transport Loan • SWAP Transactions
• Swanirvar Loan • Forward Transaction
• Poverty Alleviation Loan • Term Placement
Small and Medium Enterprise Loan Letter of Credit

• Service Sector Loan • Letter of Credit - Sight
• Trading Sector Loan • Letter of Credit - Usance
• Manufacturing Sector Loan • Back to Back L/C
• Women Enterpreneurs Loan
Letter of Guarantee
Other Loan Products
• Advance Payment Guarantee
• Agrani Bidesh Jawar Loan (ABJL)
• Bid Bond
• Green Finance
• Performance Guarantee
• Any purpose Loan
• Shipping Guarantee
• Term Loan for Muktijoddha (Freedom fighter)
• Guarantee - Others
Import Finance • Standby Credit
• Loan Against Imported Merchandise (LIM) Other Foreign Exchange Service

• Loan Against Trust Receipt (LTR) • Documentary Bill Collection
• Payment Against Document (PAD) • Advanced Payment for Import & Export
• Foreign Remittance (Incoming & Outgoing)
Export Finance • Foreign Currency Endorsement against Passport
• Export Cash Credit • Issuance of Draft, TT
• Packing Credit (PC) • Collection of Draft, Cheque, TC
• Local / Foreign Bills Purchased (FBP) • Opening of Student File, Medical File
• Loan Against Export Development Fund (EDF)
Cash Service
• Advance Against Cash Incentive (Subsidy, Assistance)
• ATM Service
• Cheque Encashment
Treasury • Foreign Currency
Money Market
Fund Transfer
• Call Money Transaction
• Inter-Branch Money Transfer
• Term Placement (FDR)
• SWIFT
• Treasury Bills
• Telegraphic Transfer (TT)
• Treasury Bonds
• Issuing Foreign Draft
• Secondary Trading of Govt. Securities
• Encashing Foreign Draft
• Repo
• Bangladesh Electronic Fund Transfer Network (BEFTN)
• Reverse Repo • Bangladesh Automated Clearing House (BACH)
• Custodian Services • Online Deposit to Accounts
• Other Investments • Real Time Gross Settelment (RTGS)

Integrated Report
Mudaraba Deposit Account

Value Added Service
• Mudaraba Savings Account
• Locker Service
• Mudaraba Hajj Savings Scheme
• Utility Bill Collection
• MudarabaTerm Deposit (MTDR)
• Armed Forces Pension Automated Challan System (ACS)
• Mudaraba Special Savings Scheme
Merchant Banking Service
• Mudaraba Special Notice Deposit (MSND)
• Issue Management
• Mudaraba Mohor Savings Scheme
• Underwriting
• Mudaraba Probashi Kalyan Savings Account
• Portfolio Management
• Mudaraba Cash Waqf Savings Scheme
Investment
Islamic Banking Service • Bai Murabaha (Pledge)
Deposit • Bai Muazzal (Hypo)
• Al Wadiah Current A/C • Higher Purchase Shirkatul Meilk
• Bai Sal

Integrated Report
Business Strategy
Deposit Remittance
At present mobilization of deposits has become hyper Among international flows, the region shows three distinct
competitive. to create a technology-based most efficient trends - emigration for settlement to Europe, Australia
banking environment for our customers. ABL took and and North America; contract labour migration to Middle-
still pursues various strategies; Eastern and a few South-East Asian countries; and the
• to achieve core deposit goals (Low cost, No cost movements of people in border areas such as India.
deposit)taking rigorous campaign and Hajj deposit • Initiatives and Incentives for Smooth Transfer of
campaign and so on; Remittances
• to offer cash management services, i.e. collection of • Beneficiary account is accredited within 24 hours.
institutional accounts to ensure fast & secure cash • SMS alert system is introduced to Remitter & Beneficiary.
service; • Upazilla/District level NRB list is to collect as data base.
• to collect deposit from expatriates ABL lounches a
• Initiative to explore new markets.
new product for remitter given attractive interest rate;
• to offer different smart deposit scheme, like Double NPL Management Strategies
benefit, Millionaire deposit scheme, Monthly deposit • Include all employees & executives to collect NPL loans.
scheme; and • Form Recovery Cell in the circle, Zonal and Branch
• to provide special deposit scheme for women. level the monitoring; supervision and follow up have
been made through the year.
Loans and Advances
• Special recovery activities were carried out by
Loans and advance credit program is an important
forming higher executive recovery team to different
development scheme in the banking sector in most
circles to monitor recovery achievement.
of the developing economies including Bangladesh. In
• Active portfolio reductions can be achieved either
Bangladesh people of limited monthly income confront
through sales and/or writing off provisioned NPL
almost regularly the problem of improving their standard
exposures that are deemed unrecoverable.
of living. The advance portfolio of the Bank is well-
• Legal options include insolvency proceedings or out-
diversified and it covers funding to a wide spectrum of
of-court solutions.
business & industries.
• Financing for small businesses is designed to help Corporate Governance
meet short-term financing needs and that acts as a As a bank company, the principal objective of ABL is to
great tool to help manage cash flow. ensure good corporate governance through upholding
• Act as an advisor, not just a lender, for small businesses. the values of transparency and accountability of all
• Loan segment to client base and create personalized concerned in respect of its overall financial , operational
customer experiences. and administrative policymaking and executive affairs
including overall business activities, internal control,
• Create real customer relationships
human resources management and development
• Give priority to export-oriented industries to help
& expenditure etc. along with lending and risk
increase forex flow, earn through multi-channel which
management issues.
will help increase no cost fund of the Bank.
Board Structure
Export and Import The Board of Directors comprises 8 (eight) members,
The Bank has made a significant contribution to the including the Chairman as the head of the Board of
national economy under the prudent leadership of Directors and the Managing Director & CEO as an
management. ABL has a sizable portfolio in export and ex-officio director. All the directors of ABL are non-
import financing to support the growing of national executive directors except the Managing Director.
economy. to achieving the business target ABL takes Consequent upon the corporatization, the Board
different kinds of steps are as follows: exercises greater autonomy in running the bank more
• Provide high quality financial services in import & effectively than before
export trade. Committees of the Board
• Arrange good looking credit lines for international trade. As per BRPD circular no-11 dated 27 October 2013, The
• Gear up marketing for potential clients having strong Board has formed three sub-committees -
entrepreneurship spirit to grow. i) Executive Committee,
• Pay exclusive attention to Garments sector. ii) Audit Committee, and
• Focus on service export sectors like IT and education. iii) Risk Management Committee.

Integrated Report on
Board Members’ Independence

All members of the Board are nominated by the Government and each of them holds one share which is less than
one percent of paid-up shares of the Bank. The members suggest solution on various business issues in the board
meetings independently, since they do not have any sort of business relationship or involvement in the management of
the bank
Directors’ Information
As far as circulation of directors’ information is concerned, ABL, from time to time, disseminates updated directors’
particulars to other banks and financial institutions.
Remuneration of Chairman & Directors

As per DFIM Circular no.13 dated 2015, the directors each receive honorarium of tk 8000 (including tax) for attending a
Board Meeting or any other committee meeting.
Responsibilities and authorities of the Board of Directors
To ensure good governance in the bank, the Bank Company Act 1991(Amended up to 2018) has endowed the Board
of Directors with required responsibilities and authorities for establishing policies for the Bank Company, for risk
management, internal control, internal audit & compliance and for ensuring their implementation.
The Chairman of the Board of Directors does not personally possess the jurisdiction to apply policymaking or executive
authority. He also does not participate or interfere in the administrative or operational and routine affairs of the
Bank. Complying with Banking Regulation & Policy Department of Bangladesh Bank, the Chairman conducts on-site
inspection of any branch or financing activities under the purview of the oversight responsibilities of the board. He
also calls for any information relating to bank’s operation or ask for investigation into such affairs and submits such
information or investigation report to the meeting of the board and effects necessary action in accordance with set
rules through the CEO of the bank.
Board Meetings
Complying with the prudential guidelines for banks prescribed by Bangladesh Bank, the board of directors with
required quorum comprising not less than three members as stipulated in the memorandum and articles of association
of Agrani Bank Limited meets at least once or more than once in a month.
77 board meetings were held in 2021. The number of meetings attended by each director is shown in the table given below:
Number of meetings
Sl. No. Name of Directors Position in the bank
attended
01 Dr. Zaid Bakht Chairman 77
02 Mafiz Uddin Ahmed Director 58
03 Kashem Humayun Director 77
04 Dr. Md . Foroz Ali Director 69
05 K.M.N. Manjurul Hoque Labloo Director 77
06 Khondker Fazle Rashid Director 69
07 Tanjina Ismail Director 77
08 Md. Shahadat Hossain Director 28
10 Mohammad Shams-Ul Islam Managing Director & CEO 77
Work-planning and Strategic Management

The Board determines the objectives and goals and to this end formulates the strategies and work-plans on annual
basis. It engages itself in the affairs of making strategies consistent with the determined objectives and goals and in
the light of the issues relating to structural change and reorganization for enhancement of institutional efficiency and
other relevant policy matters.
Evaluation of MD & CEO

With the objective of fostering proper conducive environment, increased efficiency, establishment of accountability
and dynamism, the Board of Directors from time to time appraises the performance of MD & CEO through observing
and analyzing achievement of key performance targets as stated and set in the Annual Performance Agreement (APA)

signed between Bank and Financial Institution Division, • To strengthen financial & organizational discipline; and
Ministry of Finance, and Agrani Bank Limited.
• To improve working skills & quality of customer
Lending and Risk Management service through use of ICT and strengthen overall
security.
The Board approves under the purview of existing laws,
rules and regulations, the policies, strategies, procedures Functions
etc. in respect of appraisal of loan/investment proposal, Strategic Functions include the following:
sanction, disbursement, recovery, rescheduling and • To put emphasis on interest free & low cost deposit
write-off. The Board specifically distributes the power collection;
of sanction of loan/investment. No director, however, • To disburse quality credit;
interferes, directly or indirectly, in the process of loan • To bring the unbanked under banking service;
approval. The Board frames policies for risk management
• To digitize the banking system; and
and ensures complience monitors the degree of
compliance thereof. • To check new loan classification & minimize
classified loans;
Annual Performance Agreement (APA) • To recover classified & written-off loans;
To develop organizational capacity & skills, reinforce • To explore new avenues of export-import business
transparency & accountability, ensure good governance & make the remittance service easily available to the
and proper utilization of asset in order to implement public;
vision 2041, honorable Chairman of the Board of • To carry operation with accountability & professional
Directors, MD & CEO on behalf of Agrani bank Limited skills for implementing vision 2041, seventh five year
and honorable secretary, financial institutions division, plan & SDGs and actualize priority sectors of the
Ministry of Finance signed Annual Performance government; and
Agreement (APA). • To build a skilled workforce to form a strong financial
foundation by maintaining financial discipline.
APA includes Vision, Mission, Strategic Objectives, and
Functions Work-planning and Strategic Management
Vision: The vision of ABL is to become one of the leading The Board determines the objectives and goals and to
banks among the state-owned banks of Bangladesh this end formulates the strategies and work-plans on
through maintaining international standard skills, quality, annual basis. It engages itself in the affairs of making
strategies consistent with the determined objectives
fair management, ensuring high quality customer service
and goals and in the light of the issues relating to
and mobilizing adequate liquidity.
structural change and reorganization for enhancement of
Misson: To implement vision 2041, goals of Seventh Five institutional efficiency and other relevant policy matters.
Year Plan & SDGs and actualize priority sectors of the
Evaluation of MD & CEO
government through the highest level of skills & capacity
achieved by following the guidelines set by the regulatory With the objective of fostering proper conducive
environment, increased efficiency, establishment of
bodies with professional skills & experience and benefit
accountability and dynamism, the Board of Directors
the customers and the employees through development
from time to time appraises the performance of MD
implementation of pragmatic business policies.
& CEO through observing and analyzing achievement
Strategic Objectives of key performance targets as stated in the Annual
Strategic Objectives includes the following: Performance Agreement (APA) signed between Bank
• To increase income of the bank by expansion of and Financial Institution Division, Ministry of Finance, and
loans & advances, investment & creating new Agrani Bank Limited.
entrepreneurs;
Lending and Risk Management
• To keep the Non Performing Loans at satisfactory
level; The Board approves under the purview of existing laws,
rules and regulations, the policies, strategies, procedures
• To improve the financial status of the bank;
etc. in respect of appraisal of loan/investment proposal,
• To minimize risk & strengthen financial foundation; sanction, disbursement, recovery, rescheduling and

write-off. The board specifically distributes the power from among the members of the Board of Directors has
of sanction of loan/investment. No director, however, been formed complying with BRPD circular no-11 dated
interferes, directly or indirectly, in the process of loan 27 October 2013.
approval. The Board frames policies for risk management
Audit Committee Meeting
and ensures complience monitors the degree of
compliance thereof. The committee held 07 (seven) meetings in 2021.
The number of meetings attended by the committee
Risk Management Committee members has been shown in the table given below:
to formulate appropriate strategies for risk assessment
Number of
and control of the bank, a risk management committee Name Designation Meetings
comprising directors from among the members of the attended
Board of Directors has been constituted complying with 1
Khondker Fazle Rashid Chairman
BRPD circular no-11 dated 27 October 2013.
Dr. Md. Foroz Ali Member 1
Risk Management Committee Meeting
K.M.N. Manjurul Hoque Labloo Member 1
The committee held 05 (seven) meetings in 2021.
The number of meetings attended by the committee Reformed on 12.04.2021
members has been shown in the table given below: Mafiz Uddin Ahmed Chairman 3
Dr. Md . Foroz Ali Member 3
Number of
Name Designation
Meetings attended K.M.N. Manjurul Hoque Labloo Member 3
Kashem Humayun Chairman 2 Khondker Fazle Rashid Member 3
Dr. Md . Foroz Ali Member 2 Reformed on 04.10.2021
Khondker Fazle Rashid Member 1 Mafiz Uddin Ahmed Chairman 3
Tanjina Ismail Member 2 Dr. Md . Foroz Ali Member 2
Reformed on 12.04.2021 K.M.N. Manjurul Hoque Labloo Member 3
Kashem Humayun Chairman 3 Khondker Fazle Rashid Member 3
Dr. Md . Foroz Ali Member 3 Md. Shahadat Hossain Member 3
Khondker Fazle Rashid Member 3
Role of Audit Committee
Tanjina Ismail Member 3
The Committee approves Internal Control & Compliance
Mafiz Uddin Ahmed Member 3 (ICC) Policies of the bank and ensures that the activities
of the Bank are being carried out in accordance with
Role of the Risk Management Committee the applicable rules and regulations of Bangladesh
The risk management committee approves policies Bank, Bank Companies Act 1991(amended up to 2018),
& guidelines regarding risk of the bank operations. Companies Act 1994 and internal rules, regulations &
The committee also reviews and amends the Risk policies of the Bank.
Management policies, whenever necessary and sends The Committee examines whether internal control
it to the Board of Directors for approval. The committee strategies, findings and recommendations made by the
monitors activities for compliance with instructions internal, regulatory and external auditors-Bangladesh
regarding lending risk, foreign exchange transaction risk, Bank, Commercial Audit are implemented by the
money laundering risk, data storage & communication risk management or not. It also reviews the activities of the
including other risk related guidelines. internal audit and ensures that no unjustified restriction
or limitation hinders the internal audit process.
Internal Control Management
The Board is always vigilant on the internal control The Committee considers report relating to fraud,
system of the bank to ensure and maintain satisfactory forgery, deficiencies in internal control or other similar
qualitative standard of its loan/investment portfolio. issues detected by internal and external auditors and
The Board reviews the reports submitted by its audit inspectors of the regulatory authority and place it before
committee regarding compliance of recommendations the board after reviewing whether necessary corrective
made in internal and external audit reports and the measures have been taken by the management.
Bangladesh Bank inspection reports. The Committee reviews and discusses with the
management and external auditors to ensure that the
Audit Committee
financial statements are prepared according to existing
To strengthen internal control and compliance functions
accounting rules, regulations and standard.
of the bank, the audit committee comprising directors

Review of ICC Policy Financial Management

The Board of Birectors time to time reviews and updates The Board approves the annual budget and the statutory
Internal Control & Compliance (ICC) policies in the financial statements. It also reviews/monitors the
context of banking business circumstances. positions in respect of bank’s income, expenditure,
liquidity, non-performing asset, capital base and
Human Resources Management and Development adequacy, maintenance of loan loss provision and gives
The Board frames and approves service rules relating directives to take steps for recovery of defaulted loans
to recruitment, promotion, transfer, disciplinary and including legal measures.
punitive measures, human resources development etc. The Board also frames the policies and procedures
The Chairman or directors in no way interfere into any for bank’s purchase and procurement activities and
administrative affairs including recruitment, promotion, approves the delegation of power for making such
transfer and disciplinary measures as executed under expenditures. The maximum possible delegation of such
the set service rules. Recruitment and promotion to the power rests on the CEO and his subordinates.
immediate two tiers below CEO rests upon the Board.
The decision on matters relating to infrastructure
Executive Committee development and purchase of land, building, vehicles etc.
for the upgratation of bank’s business is adopted with
To give directions for maintaining daily or routine
the approval of the board.
activities and corporate discipline and culture of the
bank, an executive committee comprising directors from Responsibilities and authorities of the MD & CEO:
among the members of the Board of Directors shown in The CEO discharges his own responsibilities in terms
the table below has been formed as per BRPD Circular of the financial, business and administrative authorities
no-11 dated 27 October 2013. vested upon him by the board. He is accountable for
achievement of financial and other business targets by
Roles and Responsibilities of the Executive Committee
means of business plan, efficient implementation thereof
The executive committee decides in those cases and prudent administrative and financial management.
as instructed by the Board of Directors that are not
He ensures compliance of the Bank Companies Act,
specifically assigned to full board through the Bank
1991(amended up to 2018) and other relevant laws and
Company Act 1991 and other laws and regulations.
regulations in discharge of routine functions of the bank.
The members of the committee take all necessary He also reports to Bangladesh Bank of issues relating
decisions within power delegated by the Board of to violation of Bank Companies Act 1991 (amended up
Directors on punishment to the guilty employee to 2018) or of other laws/regulations and if required,
depending on the nature of irregularities committed, apprises the board post facto.
reviews divisional legal cases regarding appeal by the The recruitment and promotion of all staff of the bank
affected staff, officer for reinstatement to service, except those in the two tiers below him rests on the CEO.
appeal for remission of punishment and security related
He acts in such cases in accordance with the approved
matters concerning theft, burglary taken place in
service rules on the basis of the human resources policy
different branches at different times.
and sanctioned strength of employees as approved by
All decisions taken in the executive committee are
the board.
ratified in the board meeting
Publication of Annual Financial Report
Executive Committee Meeting
Agrani Bank Limited, complying with Bank Company Act
The Committee held 02 (two) meetings in 2021. The 1991, prepares and publishes each year a balance sheet
number of meetings attended by the committee and profit & loss account as well as financial report duly
members has been shown in the table given below: signed by the concerned parties as on the last working
day of the year.
Number of
Name Designation Meetings Directors’ Report to Shareholders
attended
Complying with the section 1.5 of Bangladesh Securities
Dr. Zaid Bakht Chairman 2 and Exchange Commission Notification No. SEC/CMRRCD/
2006-158/Admin/44 dated 7 August 2012 and section
Kashem Humayun Member 2
184 of the Companies Act 1994, Agrani Bank Limited
Tanjina Ismail Member 2 discloses Directors’ Report to Shareholders each year.

Management Committee (MANCOM)

The Management Committee (MANCOM) is mainly responsible for management of risks related to administration,
operation, purchase, development, training, discipline and appeal etc. The Committee places before the Board
proposal of approval its policy recommendations and guidelines regarding risks assessment, management, control
and reporting. It also puts forward its recommendations on quantification process of risk calibration, its use while
capital allocation and relevance to annual budgeting & planning for board approval. It observes the precision and
timeliness of risk reports on all activities of the bank. It is also responsible for introducing such a risk controlling culture
that encourages the highest level of ethical behaviors among the employees. As far as risk related employees are
concerned, the committee is also responsible for building a risk and technology savvy smart workforce.
Organizational Structure of MANCOM: The structure of MANCOM is as follows:
Deputy Managing Director-1 (Chairperson)
Deputy Managing Deputy Managing Deputy Managing All General Deputy General
Director-2 Director-3 Director-4 Managers Manager (HRPDOD)
Member Secretary
Fig : Organizational Structure of MANCOM
Credit Committee (CRECOM)
The Committee is mainly responsible for implementation of risk management policies approved by the board. The
credit committee deals with introducing credit strategy after board approval proportionate to nature of debtor and
business, interest rate, loan documentation, risk grading, standardization of credit analysis, proper valuation, scoring,
reporting, auditing, classification, provisioning. The committee under the authority devolved on them by the board
gives decision on new loan facility, rescheduling & reconsideration and approves rejects, recommends or ratifies loan
proposals. Organizational Structure of CRECOM: The structure of CRECOM is as follows:
Deputy Managing Director-1 (Chairperson)
Deputy General
Deputy Managing Deputy Managing Deputy Managing All General
Manager (CPCRMD)
Director-2 Director-3 Director-4 Managers
Member Secretary
Fig : Organizational Structure of CRECOM
Asset Liability Committee (ALCOM)

Asset Liability Committee ensures adequate liquidity capital reserves and proper fund management to meet business
needs and comply with statutory laws and regulations. ALCOM conducts balance sheet management in such a way
that adequacy of liquidity and capital is maintained, ensuring proper application of fund diversification strategy in
light of source, term, instrument and currency. The Asset Liability Committee is also responsible for introducing and
implementing policies on capital, funding, asset allocation and liquidity.
Organizational Structure of ALCOM: The structure of ALCOM is as follows:
Managing Director & CEO (Chairperson)
Deputy Managing Director-1 Deputy Managing Director-2 Deputy Managing Director-3 Deputy Managing Director-4
Head of Treasury
Head of BSUCD (Member Secretary) Head of Credit Head of CAD/CFO Head of ID
Head of ALM desk Head of RMD
Fig: Organizational Structure of ALCOM
Compliance with Code of Conduct

As part of upholding ethical business standard & practices, every official of ABL has to comply with the code of conduct
pertaining to the ABL service rule violation of which results in reduction to a lower stage in a time scale of pay, reduction to
a lower post, compulsory retirement, and removal from service, dismissal from service.

All employees shall conform to and abide by these As far as loans & investment is concerned, ABL makes
regulations ,observe, obey all orders and directions which investment in such sectors as are productive for the
may, from time to time, given by any person or persons national economy while preserving the debtors’ interest
under whose jurisdiction, superintendence or control he in a way that they get fair lending rate and they do not get
may, from time to time, be placed. All employees serve defaulters by monitoring the post loan supervision and
the Bank honestly and diligently, use his/her utmost maintaining timely and regular liaison with the debtors.
endeavour to promote the interest of the bank, maintain
Credit Rating
strict secrecy regarding the affairs of the bank.
As per BRPD Circular No. 6 dated 5 July 2006 requiring
Compliance with Employee Income Tax Payment
As far as employee income tax is concerned, the to safeguard the interest of the prospective investors,
employees of Agarni Bank Limited pay income tax depositors and creditors and also the bank management
regularly on salary complying with the ordinance of NBR as a whole overall performances in the relevant area
(National Board Revenue). By doing so the employees including core risks, the Bank has appointed Alpha Credit
of ABL have been contributing to the government’s tax Rating Limited for doing credit rating of the bank . The
collection from internal sources. credit rating agency in 2021 awarded ABL AAA for
long term & ST-1 for short term in government support
Other Information category and A for long term & ST-2 for short term
without government support category and the outlook
Delegation of Power
for the Bank was given stable.
In order to extend the business boundary and resolve
internal problems quickly and effectively in the Compliance with BSEC and RJSC
perspective of ever changing banking environment, As far as increase of paid-up capital is concerned,
the Bank has its delegation of power on administrative ABL receives Bangladesh Securities & Exchange
and financial related matters approved by the Board of Commission’s consent to that effect, complying with all
Directors. The delegated power has been decentralized the procedures.
ensuring accountability so that the person concerned
applies this power prudently only for the welfare of In terms of Director-related information such as
the organization. Misuse of the delegated power is appointment, retirement, holding of shares and changes,
considered violation of serious corporate norms. whenever necessary, in the Memorandum and Articles of
Association of the Bank, Agrani Bank Limited has these
The delegation of power on administrative affairs
duly certified by the Registrar of Joint Stock Companies
concerns deployment of discretionary power within the
and Firms (RJSC).
perimeter of Agrani Bank Employees Service Rule 1995.
The delegation of power on financial affairs concerns Corporate Social Obligation and Responsibility
deployment of discretionary power within the approved Agrani Bank Limited keeps a significant budgetary
sector-wise annual budget subjective to concerned provisions for CSR activities as apart of our moral
regulatory bodies such as Ministry of Finance, obligation to the society to provide the disadvantaged and
Bangladesh Bank.Delegation of power in ABL is exercised the deprived with a platform to make his/her presence
complying with the rules and regulations set in the felt in the society, keeping in mind the mantra that each
Delegation of Power-2017. one counts irrespective ofcolors creed, caste and rank.
In 2020 ABL has spent tk. 7.60 lac from CSR fund as
Customer Sovereignty
donation in the form of social development activities.
Because customers constitute the driving force of the Bank,
ABL always tries to the maximum level to ensure customer Environmental Obligation
sovereignty by providing the customers with the excellent From the prick of conscience for green planet, Agrani Bank
services following the corporate norms & regulations. Limited has been trying to be at par with the Government’s
To ensure customer supremacy, customers can lodge in vision of Green Bangladesh. to aware all the employees
writing their complaints over any sorts of dissatisfaction of in-house green banking, a green office guideline
or send their opinions on any other matters to Managing has been circulated to all the branches and head office
Director & CEO. The Managing Director & CEO instructs divisions. As far as green financing is concerned, Agrani
the division concerned to take urgent necessary action on Bank is providing loans on easy conditions to solar panel
that score. installation, bio-gas plants, compost plants and other
Depositors’ trust is protected by ensuring on-demand enterprises producing eco-friendly agro-products. Besides,
liquidity and giving the depositors fair contract terms & in terms of credit approval, ABL has made it mandatory for
keen interest rate on various consumer products. factories to have Effluent Treatment Plant (ETP).

Status of Compliance Requirement of

Bangladesh Bank’s Guidelines for Corporate Governance
BRPD Circular no 11 dated 27 October 2013
Compliance Status
Explanation for Non

Not Complied
Remarks
Compliance
(if any)
Complied
Sl
Particulars
No.
1. Formation & Responsibilities of Board of Directors of a Bank Company.

Board of Directors of a bank should be comprised of competent and
professionally persons to formulate policy-guidelines and supervis-
ing business activities of the bank efficiently as well as ensuring good
governance in the bank management. The responsibilities of the Board
of Directors of a bank-company are more important than those of other √
companies; because in case of a bank-company it is essential to earn and
maintain confidence of the depositors as its business is mainly run with
the depositors’ money. The following directives are given for ensuring
good governance regarding constitution of Board of Directors, their
duties & responsibilities and other related activities
2. 1. Formation of Board of Directors:
The newly amended Section 15 of the Bank Company Act, 1991 (Amended
upto 2013) includes provisions for prior approval of Bangladesh Bank be-
fore the appointment of new bank directors, as well as dismissal, termina- √
tion or removal of any director from the post; director’s fit & proper criteria;
maximum number of directors; appointment of independent directors;
appointment of maximum 2(two) members from a family as director; etc.
3. Appointment of New directors:
Under section 15(4) of the Bank Company Act, 1991 (amended upto
2013), every banking company, other than specialized banks, at the time
of taking prior approval from Bangladesh Bank for appointing/reappoint-
ing directors should furnish the following documents along with the
application:
a) Personal information of the nominated person (Appendix-ka) √
b) Nominated person’s declaration(Appendix-kha) √
c) ‘Declaration for confidentiality’ by the nominated person(Appendix-ga)
√
d) In case of Independent director, the approval letter from Security and So far, no
Exchange Commission independent
director
has been
appointed
e) In case of Independent director, a declaration of the directors

concerned as Appendix-gha (he will also submit declaration under Do
Appendix-ka, kha & ga)
f) CIB report of the nominated person √
g) Updated list of the directors. √


Compliance Status
Non Compliance
Explanation for
Remarks
Not Complied
(if any)
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Complied
Particulars
No.
4. 1.2. Vacation of office of Director:

a) The office of a director shall be vacated according to the instructions
specified in section 108(1) of the Companies Act, 1994. Besides, when a
bank director becomes defaulter and does not repay the loan within two √
months after getting a notice under the section 17 of the Bank Company
Act, 1991; provides false statement at the time of appointment; or fails
to fulfil the minimum eligibility criteria, the office of the director will be
vacated
b) If the office of a director is vacated by a notice under the section
17 of BCA, the person will not be eligible to become a director of the
bank or any other bank or any financial institution for one year from the
date of repayment of the total amount due to the bank. The dues can
√
be adjusted with the shares held by the director in that bank. When a
director receives a notice under section 17 of BCA, 1991, he/she can not
transfer his/her shares of that bank until he/she repays all the liabilities of
the noticed bank or financial institution.
c) Besides, Bangladesh Bank can remove a director or chairman of a

bank, except state-owned banks, for conducting any kind of activities
that is detrimental to the interest of the bank’s depositors or against N/A
the public interest under Section 46 and can supersede the board of a
banking company under Section 47 of BCA, 1991.
5. 1.3. Removal of Directors from office:

According to section 108(2) of the Companies Act, 1994, with the prior
approval of Bangladesh Bank, a bank director other than specialized
banks can be removed from his office for the reason specified in its
√
Articles of Association. For this purpose, the reason and grounds of
the dismissal/removal and copy of the decision of the Board and list
of directors should be submitted to Bangladesh Bank. In this case, the
removal will be effective from the date of Bangladesh Bank’s approval
6. 1.4. Appointment of Alternate Director:

Subject to compliance of section 101 of the Companies Act, 1994,
an alternate director can be appointed to act for a director during his √
absence for a continuous period of not less than three months from
Bangladesh. In this context, the following instructions should be followed:
b) The Bank has to collect and properly maintain the documentary

evidences relating to departure and arrival of the original director. If there
is any exception, the chief executive officer should immediately inform it √
to Bangladesh Bank.


Compliance Status
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Explanation for
Not Complied
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(if any)
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Particulars
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b) The copy of the decision of the board regarding appointment of

alternate director, with original director’s probable returning date from
abroad should be sent to Bangladesh Bank within 7 days of taking the √
decision and the director’s arrival date must be intimated to Bangladesh
Bank immediately after his or her return.
c) Any loan defaulter or any person who is not eligible to become
a director as per any rules & regulation will not be appointed as an √
alternate director.
d) As appointment of alternate director is a temporary measure; therefore,
he/she will not be included in any kind of committee constituted by the √
board.
e) While in the office, an alternate director or his/her affiliated
organization will not get any kind of loan facilities from his bank. In case
of previous loan, enhancement of limit or extension of time period or any √
kind of exemption or interest waiver will not be allowed. Moreover, all
restrictions applicable to directors according to rules & regulations will
also be applicable to the alternate director
2. Depositor Director:
As the previous provisions regarding appointment of Depositor Directors
of the Bank Company Act, 1991 has been amended; appointment of
7. director from depositors is no longer required. But, after complying N/A
regulation under sec 15(9) of the Bank Company Act, 1991 (amended
upto 2013) bank can consider the tenure of existing depositor director
or may appoint them as independent director.
3. Information regarding Directors:
Banks are advised to take the following steps regarding director
information:
a) Every bank should keep an updated list of bank directors, √
8.
b) Banks should send a directors’ list to other banks or financial
√
institutions immediately after the appointment or release of director.
c) Banks should display a list of directors in the website and update it on

√
a regular basis.
Responsibilities and Authorities of the Board of Directors
a) Work-planning and strategic management:
i. The Board shall determine the objectives and goals and to this end
shall chalk out strategies and work-plans on annual basis. It shall
9. specially engage itself in the affairs of making strategies consistent
with the determined objectives and goals and in the issues relating √
to structural change and reformation for enhancement of corporate
efficiency and other relevant policy matters. It shall quarterly analyze/
monitor the development of implementation of the work-plans.


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Explanation for
Not Complied
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(if any)
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No.
ii. The Board shall have its analytical review incorporated in the Annual
Report as regards to the success/failure in achieving the business and
other targets as set out inits annual work-plan and shall apprise the
shareholders of its opinions/recommendations on future plans and √
strategies. It shall set the Key Performance Indicators (KPIs) for the CEO
& officers immediate two tiers below the CEO, and have it evaluated
from time to time.
10. b) Credit and risk management
i. The policies, strategies, procedures etc. in respect of appraisal of loan/

investment proposal, sanction, disbursement, recovery, reschedule
and write-off thereof shall be made with the board’s approval under
the purview of the existing laws, rules and regulations. The Board shall
√
specifically distribute the power of sanction of loan/investment and
such distribution should desirably be made among the CEO and his
subordinate executives as much as possible. No director, however, shall
interfere, direct or indirect, into the process of loan approval.
ii. The Board shall frame policies for risk management and get them
complied with and shall monitor the compliance one quarterly basis and
review the concerned report of the risk management team and shall
√
compile in the minutes of the board meeting. The Board shall monitor
the compliance of the guidelines of Bangladesh Bank regarding key risk
management.
11. c) Internal control management

The Board shall be vigilant on the internal control system of the Bank in order
to attain and maintain satisfactory qualitative standard of its loan/investment
portfolio. The Board will establish such an internal control system so that the
√
internal audit process can be conducted independently from the management.
It shall review the reports submitted by its audit committee at quarterly basis
regarding compliance of recommendations made in internal and external audit
reports and the Bangladesh Bank inspection reports.
12. d) Human resources management and development
i. Policies relating to recruitment, promotion, transfer, disciplinary and punitive
measures, human resources development etc. and service rules shall be
framed and approved by the board. The Chairman or the Directors shall in no
way involve themselves or interfere into or influence over any administrative
affairs including recruitment, promotion, transfer and disciplinary measures
as executed under the set service rules. No member of the Board of Directors √
shall be included in the selection committees for recruitment and promotion to
different levels. Recruitment, promotion, transfer & punishment of the officers
immediate two tiers below the CEO shall, however, rest upon the board. Such
recruitment and promotion shall have to be carried out complying with the
service rules i.e., policies for recruitment and promotion.


Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
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Complied
Particulars
No.
ii. The Board shall focus its special attention to the development of
skills of bank’s staff in different fields of its business activities including
prudent appraisal of loan/investment proposals, and to the adoption of
√
modern electronic and information technologies and the introduction
of effective Management Information System (MIS). The board shall
get these programmes incorporated in its annual work plan.
iii. The Board will compose Code of Ethics for every tier and they will
follow it properly. The Board will promote healthy code of conducts for √
developing a compliance culture.
e) Financial management
i. The annual budget and the statutory financial statements shall
be finalized with the approval of the board. It shall at quarterly
rests review/monitor the positions in respect of Bank’s income, √
expenditure, liquidity, non-performing asset, capital base and adequacy,
maintenance of loan loss provision and steps taken for recovery of
defaulted loans including legal measures.
ii. The Board shall frame the policies and procedures for bank’s
13. purchase and procurement activities and shall accordingly approve
the distribution of power for making such expenditures. The maximum
possible delegation of such power of expenditures shall rest on the CEO
√
and his subordinates. The decision on matters relating to infrastructure
development and purchase of land, building, vehicles etc. for the
purpose of Bank’s business shall, however, be adopted with the approval
of the Board.
iii. The Board will review whether an Asset-Liability Committee (ALCO)
has been formed and it is working according to Bangladesh Bank √
guidelines.
g) Other responsibilities of the Board
14. The Board should follow and comply with the responsibilities assigned √
by Bangladesh Bank.
4.2. Meeting of Board:

Board of directors may meet once or more than once in a month if
15. √
necessary. But Board of directors shall meet at least once in every
three months. Excessive meetings are discouraged.
4.3. Responsibilities of the Chairman of the Board of Directors:

a) As the Chairman of the Board of Directors or chairman of any
committee formed by the board or any director does not personally
16. √
possess the jurisdiction to apply policy making or executive authority,
he/she shall not participate in or interfere in the administrative or
operational and routine affairs of the bank.


Compliance Status
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Explanation for
Not Complied
Remarks
(if any)
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Particulars
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b) The Chairman may conduct on-site inspection of any bank-branch or

financing activities under the purview of the oversight responsibilities of
the board. He may call for any information relating to bank's operation or
ask for investigation into any such affairs; he may submit such information
or investigation report to the meeting of the board or the executive
√
committee and if deemed necessary, with the approval of the Board, he
shall effect necessary action thereon in accordance with the set rules
through the CEO. However, any complaint against the CEO shall have to be
apprised to Bangladesh Bank through the board along with the statement
of the CEO.
17. 5. Formation of committees from the Board of Directors
Each bank company can form 1(one) executive committee, 1(one) audit
committee and 1(one) risk management committee with the directors. √
Board can’t form any other permanent, temporary or sub- committee
except the above-mentioned three committees.
18. 5.1. Executive committee
Roles and Responsibilities of the Executive Committee:
i. The executive committee can decide or can act in those cases as
instructed by the Board of directors that are not specifically assigned
√
on full board through the Bank Company Act, 1991 and other laws and
regulations.
ii. The executive committee can take all necessary decisions or can
√
approve cases within power delegated by the Board of Directors.
iii. All decisions taken in the executive committee should be ratified in
√
the next board meeting.
5.2. Audit Committee
Roles and Responsibilities of the Audit Committee:
(i) Internal Control
1. Evaluates whether management is setting the appropriate
compliance culture by communicating the importance of internal √
control and the management of risk and ensuring that all employees
have clear understanding of their roles and responsibilities
2. Reviews management’s actions in building computerization of the bank
√
and its applications and bank's Management Information System (MIS)
3. Considers whether internal control strategies recommended
by internal and external auditors have been implemented by the √
management
4. Considers reports relating to fraud, forgery, deficiencies in internal
control or other similar issues detected by internal and external
auditors and inspectors of the regulatory authority and place it before √
the board after reviewing whether necessary corrective measures have
been taken by the management


Compliance Status
Non Compliance
Explanation for
Not Complied
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(if any)
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Particulars
No.
(ii) Financial Reporting

1. Audit Committee will check whether the financial statements reflect
the complete and concrete information and determine whether the
√
statements are prepared according to existing rules & regulations
and standards enforced in the country and as per relevant prescribed
accounting standards set by Bangladesh Bank
2. Discuss with management and the external auditors to review the

√
financial statements before its finalization
iii) Internal Audit

1. Audit committee will monitor whether internal audit working √
independently from the management.
2. Review the activities of the internal audit and the organizational

structure and ensure that no unjustified restriction or limitation hinders √
the internal audit process;
3. Examine the efficiency and effectiveness i.e. quality of internal audit
√
function
4. Examine whether the findings and recommendations made by the
√
internal auditors are duly considered by the management or not.
(iv) External Audit

1. Review the performance of the external auditors and their audit √
reports
2. Examine whether the findings and recommendations made by the

√
external auditors are duly considered by the management.
3. Make recommendations to the board regarding the appointment of
√
the external auditors.
(v) Compliance with existing laws and Regulations
Review whether the laws and regulations framed by the regulatory √
authorities (central bank and other bodies) and internal regulations
approved by the Board are being complied with.
(vi) Other Responsibilities

1. Submit compliance report to the Board on quarterly basis on
regularization of the omission, fraud and forgeries and other √
irregularities detected by the internal and external auditors and
inspectors of regulatory authorities
2. External and internal auditors will submit their related assessment

√
report, if the committee solicit
3. Perform other oversight functions as desired by the Board of
Directors and evaluate the committee's own performance on a regular √
basis.


Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
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Complied
Particulars
No.
5.3. Risk Management Committee

Roles and Responsibilities of the Risk Management Committee:
i) Risk identification & control policy

Formulation and implementation of appropriate strategies for risk
assessment and its control is the responsibility of Risk Management
Committee. Risk Management Committee will monitor risk √
management policies & methods and amend it if necessary. The
Committee will review the risk management process to ensure
effective prevention and control measures.
vi) Other responsibilities

1. Committee’s decision and suggestions should be submitted to the √
Board of Directors quarterly in short form
2. Comply with instructions issued time to time by the controlling body √
3. Internal & external auditor will submit respective evaluation report

√
whenever required by the committee.
19 Training for the Directors

The Directors shall make themselves fully aware of the banking laws
and other related rules and regulations for performing his duties √
properly.

Internal Control and Compliance
Statement of Board Audit Committee
ii. Audit Committee of the Board will be comprised of

maximum 05 (five) members.
iii. Audit Committee will be constituted with those

members of the Board, who are not included in the
Executive Committee;
iv. Members will be elected for a term of 03 (three)

years; and
v. Company Secretary of the Bank will be secretary of

the Audit Committee.
Composition of Audit Committee in Agrani Bank

Limited
The Audit Committee (AC) consists of four members
from the Board of Directors.
The members of the Audit Committee are:
Mafiz Uddin Ahmed

Sl. Name Status
Chairman, Audit Committee of the Board
1 Mafiz Uddin Ahmed, Chairman Chairman
2 K.M.N. Manjurul Haque Labloo Member

The Audit Committee of the Board efficiently conducts
3 Khondker Fazle Rashid Member
the supervising activities of the audit in establishing the
best practicing internal control & compliance system 4 Md. Shahadat Hossain, FCA Member
within the bank. The Committee supervises whether
banking activities are carried out in line with the ongoing Qualification of the Members of the Audit Committee
laws, rules and regulations imposed by the regulatory i. i. Integrity, dedication, and opportunity to spare
authorities. The Board approves the objectives, time in the functions of committee will have to
strategies and overall business plans of the Bank and be considered while nominating a director to the
the Audit Committee assists the Board in fulfilling its committee.
oversight responsibilities. The Committee reviews the
ii. Each member of the committee should be capable
financial reporting process, the system of internal control
of making valuable and effective contributions in the
and management of financial risks, the audit process,
functioning of the committee.
and the bank’s process for monitoring compliance with
laws, regulations and Agrani Bank’s own code of conduct iii. To perform his or her role effectively each committee
with the internationally accepted best practice. member should have adequate understanding
of the detailed responsibilities of the committee
Audit Committee Structure membership as well as the bank’s business,
As per regulatory guidelines stipulated vide Bangladesh operations and its risks.
Bank BRPD Circular No.11 dated October 27, 2013, the
iv. Professionally Experienced persons in banking/
composition of the Audit Committee of a Bank shall
financial institutions specially having educational
comply with the following:
qualification in Finance, Banking, Management,
i. Members of the Audit Committee will be selected Economics, Accounting will be got preference in
among the Directors of the Board; forming the committee.

ROLES AND RESPONSIBILITIES OF (d) External Audit

THE AUDIT COMMITTEE i. To review the performance of the external auditors
and their audit reports;
(a) Internal Control
ii. To examine whether the findings and
i. To evaluate management’s appropriate compliance recommendations made by the external auditors are
culture by communicating the importance of internal duly considered by the management or not; and
control and the management of risk and ensuring
iii. To make recommendations to the board regarding
that all employees have clear understanding of their
the appointment of the external auditors.
roles and responsibilities;
(e) Compliance with existing laws and regulations
ii. To review management’s actions in building
To review whether the laws and regulations framed by
computerization of the bank and its applications and
the regulatory authorities (Bangladesh Bank and other
Bank’s Management Information System (MIS);
bodies) and internal regulations approved by the Board
iii. To consider whether internal control strategies are being complied with.
recommended by internal and external auditors
have been implemented by the management; and (f) Other Responsibilities
i. Submits compliance report to the board on quarterly
iv. To consider reports relating to fraud, forgery, basis on regularization of the omission, fraud and
deficiencies in internal control or other similar forgeries and other irregularities detected by the
issues detected by internal and external auditors internal and external auditors and inspectors of
and inspectors of the regulatory authority and regulatory authorities;
places it before the Board after reviewing whether
ii. External and internal auditors will submit their
necessary corrective measures have been taken by
related assessment report, if the committee solicit;
the management.
and
(b) Financial Reporting iii. Performs other oversight functions as desired
1. Audit committee will check whether the financial by the Board of Directors and evaluates the
statements reflect the complete and concrete committee’s own performance on a regular basis.
information and determine whether the statements
are prepared according to the existing rules & Meeting of the Committee
regulations and standards enforced in the country To establish an effective internal control system within
and as per relevant prescribed accounting standards the Bank, 7 (Seven) meetings of the Committee were
set by Bangladesh Bank; held in the year 2021.
2. Audit committee will discuss with management The GM (Audit) of the ICC’s Audit and Inspection Division
and the external auditors to review the financial is completely independent and independent from the
statements before its finalization. management of the bank. As per the directions of the
Audit Committee of the Board, the Bank continued
(c) Internal Audit to collect and implement the overall issues under
discussion.
1. Audit committee will monitor whether internal audit
is working independently from the management. Sometimes, The Audit Committee invites the Managing
Director& CEO from time to time for special issue, other
2. Audit committee will review the activities of the responsible officials entrusted with internal control
internal audit and the organizational structure and activities or any other personnel to participate in their
ensure that no unjustified restriction or limitation meeting, as deemed necessary.
hinders the internal audit process;
All recommendations/ observations of the Audit
3. It will examine the efficiency and effectiveness of Committee were recorded in minutes’ form. Thus it has
internal audit function; been playing a vital role in strengthening internal control
4. It will also examine whether the findings and and compliance functions in the Bank by ensuring all
recommendations made by the internal auditors are sorts of co-operation between the management and the
duly considered by the management or not. Board of Directors.

Integrated Report
Audit Committee activities during the year IX. The Committee directs the authority concerned to
During the year 2021, the Committee carried out the minimize audit objections through categorization
following activities: of objections and monitored internal control and
business risk management process.
I. The committee reviewed status reports of internal
audit to ensure that appropriate actions had been X. The Committee also advises quick settlement of
taken to implement the audit recommendations. pending audit objections internal and external both.
II. It analyzed the submission of statements and duly XI. The Committee recommended the management to
approved January-June, 2021 and July-December, be cautious so that no loan and advance becomes
2021 statement of “Self-Assessment of Anti-Fraud classified any more.
Control” as instructed Bangladesh Bank.
XII. The Committee recommended diversifying loans
III. As per BRPD Circular No-03 and BRPD Circular according to sector-wise importance especially
No-06 dated on-08/03/2016 and 04/09/2016 emphasis on SME loan.
respectively of Bangladesh Bank, the Committee
reviews ICC Policy and Procedure of the Bank in XIII. The Committee also recommended to the
the year 2019. management that effective steps should be taken
to recover all classified loans.
IV. As per BRPD Circular No-03 dated on-08/03/2016
of Bangladesh Bank, the Committee approved XIV. The Committee reviewed compliances of audit
updated Health Report of the Bank under the objections detection on Bangladesh Bank
following years: inspection report.
Result of Health Reports is as follows: XV. As per the instruction of BoD data base relating to
commercial audit compliance has been prepared
Items 2020 2019 2018 2017 and all branches were instructed to compliance and
Assigned Score 300 300 300 300 resolve the Audit objections.
Score Obtained 217 209 219 241
XVI. Reviewed Agrani Bank’s Business Risk
Result Good Good Good Very Good
Management Framework, including the top risks
V. As per the instructions given by the Bangladesh for the Banking business as well as deep dive of
Bank through MoU, the Committee reviewed key risks to assess and evaluate the relevance and
the ICC Policy Implementation status reports to robustness of mitigating plans.
ensure that appropriate actions had been taken to
XVII. For effective and efficient internal control
implement “ICC Policy& Procedure”.
system the Audit Committee invites a Circle
VI. The Committee recommended organizing risk Head at meeting for analysis, discuss, advise and
based audit training and workshops to categorize recommend the concerned Circle Head to minimize
the branches on risk basis. audit objections (internal/ external/ commercial)
of that concerned circle at lowest level. The
VII. The Committee monitored the progress of committee also monitors and reviews the progress
implementation status of last year plan as to its of settlement of audit objections of that circle
consistency and approved the audit plan for 2021. at regular interval. The committee is preceding
this activity which helps to reduce the unsettled
In 2021 Division wise plan is prepared and approved objections of the Bank to a great extent.
on emphasis of monitored and reviewed the
effectiveness of the internal control system on XVIII. The ACB instructed the Circle Head to arrange
each division separately. bi-lateral or tri-lateral meetings with commercial
auditors to reduce the number of audit objections
VIII. The Committee had finalized the Financial of Commercial audit. A positive result is being
Statements of the Bank as on 31-12-2021. AC observed by following this activity.
monitors the integrity of the financial reporting
process through ensuring compliance to XIX. ACB also instructed to arrange a pre-arranged
accounting policies, standards and principles, meeting before conducting bi-lateral or tri-lateral
oversee performance of external auditors. meetings regarding commercial audit objections

Integrated Report
settlement. Sustainable results have been gotten The summery of Self-Assessment of Anti-Fraud
from bi-lateral or tri-lateral pre-arranged meeting, Internal Controls of ABL
though COVID-19 situation was there. In 2021
Compliance status
commercial audit objections 151 is settled by
arranging pre-arranged meeting and taking special Period Fully Partial No-
N/A
Complied Complied complied
action.
71 24 12
XX. Fraud, forgery have been increasing by degrees in July-Dec, 2021
the bank. From this view Audit Committee fells to 65.74% 22.22% 11.11%
1
formulate a policy to detect and prevent fraud. A 64 27 16
policy named “Fraud Detection and Management Jan-June, 2021
policy-2019” has been finalized and also approved 59.25% 25% 14.82%
by the BoD. The Bank has issued this policy
everywhere for compliance. The process of up We are trying to improve the compliance of ABL
gradation for the year 2021 is ongoing. regarding Self-Assessment of Anti-fraud internal
controls positively
XXI. Bangladesh Bank’ BRPD circular no-11, dated 27-
10-2013 is mentioned to evaluation of the Audit XXIV. Core Risk Rating on ICC risk by Bangladesh Bank
Committee’s Own Performance on a regular basis. Bangladesh Bank (BB) makes grading on analysis of all
A standard is formulated for evaluation of the Audit risks. Risks are:
Committee’s Own Performance and compliance of
Bangladesh Bank instruction. (1) Credit Risk;
XXII. Reviews on submitting Self-Assessment of Anti- (2) Asset Liability/ Balance Sheet Risk;
fraud internal controls related information: (3) Foreign Exchange Risk;
All scheduled banks in Bangladesh have been (4) Internal Control & Compliance Risk;
asked by Bangladesh bank to assess the
(5) Money Laundering Risk;
effectiveness of their internal control and
compliance system, general banking and operation (6) Information & Communication Technology (ICT) Risk;
system, loan and advances administration and and
information and communication technology using a (7) Environmental & Social Risk.
prescribed format to avoid fraud and forgery. Using
the format banks have to assess their system/ BB analyses ICC related risk and makes grading. From
administration and report to BB quarterly as per beginning& formation of the ICC, obtaining result was
DOS circular letter No-17 dated 07 November, marginal but complying smoothly of BB compliance
2012. But DOS circular no-10, dated 09-05-2017 (term, rules, and policy, etc regarding ABL), obtaining
has been given to submit semi-annually instead of result is fair. Details of core risk related information
quarterly. comparatively is as follows:
• Self-Assessment arises some questions and

Bangladesh bank thinks that all scheduled Particulars 2021 2020 2019
banks can remove fraud forgery by solving that
Base time of
questions. Then it is known the Bank’s status as 30-09-2021 30-09-2020
Not inspected
inspecting
Yes/No/Partial. The inspector of Bangladesh Bank
observes it by physically going to Head Office/ Obtaining Marks
71.67 70.125
Branches. (Out of 100)
XXIII. Agrani Bank Limited has been submitting this Obtaining result Fair Fair
statement to BB on semi-annually for ensuring

Scorings: 90-100= Strong, 75-90= Satisfactory, 60-75=
the regulatory compliance and taking measures
Fair, 40-60= Marginal, Below 40= Unsatisfactory.
for improvement of the Bank’s internal control
and compliance system, where necessary. The *The inspection team of Bangladesh Bank has audited
summery of Self-Assessment of Anti-fraud internal but no report has been received yet.
controls of ABL is as following:

Integrated Report
XXV. Reviews of health report of the Bank Acknowledgements
The Health Report of the Bank was assessed as per The Audit Committee expresses its sincere thanks to
BRPD Circular No-03, dated-08/03/2016 from the view the respected Members of the Board, Management and
point of Financial health, Internal Control and Compliance the ICC Executives who are engaged in internal audit,
health and Image and Reputation health. To assess the monitoring and compliance for their continuous support.
overall health status of these three health sectors, ICC
has worked out a Health Grading Score sheet based
on quantification of certain parameters of each health
For and on behalf of the Audit Committee
sector.
In our analysis, the average score “90-100” means

Excellent, “80-89” means Very Good, “70-79” means
Good and “60-69” means Satisfactory.
In the assessment, the overall health position of Agrani

Bank Limited for the year 2020 has been assessed
“72” that means Good. Detailed break-up of the Health (Mafiz Uddin Ahmed)
assessment is furnished as under: Chairman, Audit Committee of the Board
Score
Health Sector Remarks
Obtained
1. Financial Health 59 out of 100
2. Internal Control & 77 out of 100 Average

Compliance Health score 72 out
3. Image & Reputation Health 81 out of 100 of 100
Overall Health 209 out of 300
Obtained result Good

Internal Control and Compliance (ICC)
Internal control is the process, affected by a company’s

Board of Directors, management and other personnel,
designed to provide reasonable assurance regarding
the achievement of objectives in the effectiveness
and efficiency of operations, the reliability of financial
reporting and compliance with applicable laws,
regulations, and internal policies. Internal controls are the
policies and procedures established and implemented
alone, or in concert with other policies or procedures, to
manage and control a particular risk or business activity,
or combination of risks or business activities, to which
Risk is a part and parcel of banking activities. Nothing the company is exposed or in which it is engaged.
is possible without risk in this earth. Naturally risks
Banking operations involve both inherent and acquired
are growing faster around us. Our main challenges are
risks in the pursuit of value creation. To avoid the
keeping us and our assets away from the devastating
complexities and risk arises out of those activities some
sharp claws of it. This is why each and every organization
sort of internal corrective measures must be there to
has to work for minimizing the risks. Risk management
control.
can play an important and vital role on the overall
management level which may consider as a very smart The issues of effective internal control systems,
tool. The entire human society’s history is marked by the corporate governance, transparency and accountability,
exposure to risks of all kinds and the efforts undergone and regulatory compliance have become prime need for
by humans to deal with the risks. From ancient time the high levels of performance.
human practices risk management in order to survive.
The practice of survival instincts leads to the avoidance Thus internal control is now being termed as an integral
of risks threatening to extinct the human kind. The part of the daily activities of a bank. So that the Bank’s
very existence of human kind today is the proof of the management and stakeholders can confidently, assure
success of applying risk management strategies by our that the Bank’s service delivery systems are efficient,
ancestors. safe and compliant with all their expectations. In turn,
risk based internal audit activities are the most important
Risks are uncertainties. In the banking universe, there are
means of reinforcing control systems through the regular
large numbers of risks. As the goal of any state-owned
review of operations.
organization, the main goal of bank’s management is to
serve the nation and maximize the shareholders’ value. Compliance, on the other hand, means taking actions
Bankruptcies in the financial sector are so costly, not by the stakeholders as per advice/instruction laid
only for the equity and debt holders of banks’ but also for down in inspection/ audit reports/ circular/ letter
taxpayers. etc. by the supervisory/regulatory/administrative
Risk is the net negative impact of the exercise of authority/ organization concern to mitigate deficiencies/
vulnerability, considering both the probability and correct lapse, gaps, errors, omission, irregularities for
the impact of occurrence. Effective risk assessment overall soundness and improved performance in the
identifies and considers both internal and external organization.
factors.
Internal Control & Compliance (ICC) of Agrani Bank
Internal factors Limited under direct supervision of Audit Committee of
(i) Complexity of the organizational structure, the Board has been implementing detail guidelines on
(ii) The nature of the Bank’s activities, ICC risk management to assess and mitigate risks.
(iii) The quality of personnel, Internal control and compliance is a management
(iv) Organizational changes and process designed to achieve:
(v) Employee turnover. • Effective system of control;
External factors • Effectiveness and efficiency of operations;
• Fluctuating economic conditions, • Reliability of financial reporting;
• Changes in the Industry,
• Compliance with applicable laws and regulations;
• Socio-political realities,
• Safeguard of assets.
• Technological advancement.
• Changes in rules and regulations

Internal control and compliance Framework
• Cyber Audit Cell (Proposed Division)

• Audit Monitoring Division
• Audit Compliance Division (Internal)
• Audit Compliance Division (External)
Control • Pre-Audit Cell (Proposed Division)
1 Environment Risk
4 Assessment
SPECIFY
Control Function of above Divisions:
2 Activities OBJECTIVES
5 Information and
communication According to Bangladesh Bank BRPD Circular No-
3 Monitoring 3/2016, the audit has been made independent and
sovereign where one GM has been posted. Who
conducts audits independently and directly reports to
the audit committee of the board without concern of the
management.
Internal control consists of five interrelated
1. Audit & Inspection Division-1
Components, which are: The main function of this division is to carry out Risk
i) Control environment Based Internal Audit and Inspection within the all
ii) Risk assessment Branches other than AD and Corporate Branches,
iii) Control activities
2. Audit & Inspection Division-2
iv) Information and communication
v) Monitoring The main function of this division is to carryout Risk
Based Internal Audit and Inspection in AD and Corporate
Goals of ICC Branches, Bank Divisions, Sub-divisions and Subsidiaries
Objective of ICC is to ensure Corporate Governance, of the Bank.
Accountability, Integrity, Transparency and Regulatory 3. Cyber audit Cell
Compliance in the operation of the Bank within the
To protect Cyber Fraud in the Bank, Cyber Audit Cell
stringent framework to achieve the International
has been formed under ICC. The main objective
Standard of Banking.
of Information Technology (IT) Audit is to examine
Qualification of Head of ICC independently assess the controls, reliability and integrity
of the Bank’s IT environment. And also, to evaluate the
Agrani Bank’s ICC is headed by a General Manager
system’s internal control, design, and effectiveness, to
who has vast banking knowledge. The Head of ICC can
monitor the T24 transactions under CBS of all Branches
transfer the executives/officers working in five divisions
and detect any kinds of fraud & forgeries etc. At the
for the sake of internal affairs under his control ,i.e he
same time, detected fraud & forgeries are reported to the
takes care of the administrative matters of the ICC.
management to take necessary action.
As per BRPD CircularNo.-3,Dated-08/03/2016 and 4. Audit Monitoring Division

BRPD Circular No-06, Dated -04/09/2016 as a Head of • This division carries out ICT Audit by Internal Control
Audit has to place reports on Audit directly to the Audit Team.
Committee of the Board of Directors and as the Head of
• To verify the internal control system & Operational
ICC he has to report to the Managing Director & CEO for
activities by Implementing of DCFCL (Departmental
administrative purpose.
Control and Functional Check List), QOR (Quarterly
Operation Report), LDCL (Loan Documentation
Formation of ICC Checklist) at Branch level.
ICC of ABL consists of five independent divisions & two • To assist Audit Divisions in Risk Based Internal Audit
separate Cell for its effective operations headed by five by assessing branch/department wise risk (Off sight
Deputy General Managers. Recently a ‘Cyber Audit’ cell Analysis) with grading of all branches.
is launched to protect IT fraud-forgeries in the Bank
• To prepare and submit Self-Assessment of Anti-
headed by another Deputy General Manager.
Fraud Internal Controls report and Bank’s Health
report to Bangladesh Bank.
These divisions are:
• Audit & Inspection Division-1 • To prepare Bank’s Health Report to recognize the
• Audit & Inspection Division-2 sensitivity of financial inclusion in Bank.

Internal control and compliance Framework
• To observe 50.00 lac & above transaction through (ML) and Serious Lapses (SL). Function of AQAT is to
T24 software regarding instruction from BB for find out discrepancies of Internal Audit. If there are any
monitoring the utilization of fund of all Branches. discrepancies in audit report then letter issued to concern
Branch mentioning these to take initiative action.
5. Audit Compliance Division (Internal)
1. This division complies internal audit objections Head of Audit places all Serious Lapses find out by the
deducted by Internal Auditors of Audit & Inspection internal audit to Audit Committee meeting of the BoD.
Division-1&2 within the Bank. 3. Opinion on 10.00 (Ten) crore and above loan proposal
2. Before taking the final retirement benefits of all the by Head of ICC
executives / officers / employees of the Bank under As per the MoU of Bangladesh Bank the Head of ICC
the internal control activities, it is reported to verify makes opinion on 10.00 (Ten) Crore and above all loan
whether there are any irregularities in the working life proposals from Branches of Agrani Bank Limited.
from this division. In addition, whether the branch /
department were involved in any kind of irregularities Regarding opinion on large loan proposal Head of
during its service and if it is revealed in the internal ICC forms a team who are appointed as Auditor. They
audit, the report of the concerned person is given on scrutinize all related documents, justification of loans,
the basis of those irregularities. Bangladesh Bank Circulars, Bank’s own Circulars and
other Regulatory Instructions etc.
6. Audit Compliance Division (External)
Comparative information of such opinion is as follows:
1. To monitor compliance activities of Branches,
related other Offices and sub-divisions under Particulars 2021 2020 2019 2018
External Audit like Bangladesh Bank Inspection, No. of opinion given by
141 127 170 145
Commercial Audit, Audit by CA firm, Statutory Head of ICC
Audit, Issue Based Audit of other Regulatory
4. Audit Committee of Agrani Bank Limited
Authorities.
The Audit Committee of the Board is playing an
2. Before taking final retirement benefits of all
effective role in providing a bridge among the Board
executives / officers / employees of the bank
and management, depositors, stakeholders to ensure
under the direction of internal regulatory
efficient, safe and sound Banking practices. The
activities and regulatory authority, it is reported
Committee identifies various risk factors that arises
to verify whether there is any irregularity in
from the business activities of the Bank by reviewing
the working life from this division. In addition,
the audit reports for safe, sound and disciplined banking
whether the branch / division was involved in
operations.
any kind of irregularities during its service and
if it is revealed through a detailed inspection of Besides, the Committee gives time befitting directions
the Government Commercial Audit, Bangladesh on preparing risk-based internal audit planning, reducing
Bank, the person concerned is reported on the the number of objections of the same nature raised by
basis of those irregularities. internal audit via categorizing them according to the
nature of objections and re-defining them as Serious
Function held by ICC Secretariat Lapses (SL), Major Lapses (ML) &Major Irregularities (MI).
1. Coordination Meeting The Audit Committee works to ensure that the activities
of the Bank are being carried out following rules and
As a routine job and part of the corporate culture, Head
regulations of Bangladesh Bank, Bank Companies Act
of ICC arranges several meetings through all divisional
1991, Companies Act 1994 and internal rules, regulations
heads of ICC for effective internal audit, monitoring,
and policies of the Bank.
compliance. Audit/ Compliance/ other issues are
presented and discussed in that meeting. To run and The Board is responsible for ensuring the operation
establish effective internal control system, varieties systems of internal control and for taking reasonable
suggestions are derived from that meeting. steps to safeguard the assets of the Bank and detecting
& preventing fraud and other irregularities through
2. AQAT (Audit Quality Assessment Team)
ICC of the Bank. Internal Audit Manual, Risk Based
AQAT consists of all divisional heads of ICC which is Internal Audit Manual, Audit Compliance Manual, Audit
presided by Head of Audit. Normally internal audit report Monitoring & Controlling Manual, IT Audit Manual, Fraud
is included two types of objections like Major Lapses Detection & Management Policy have been introduced

The efficiency, effectiveness, and achievement of ICC in the year 2021
through ICC Manual to ensure proper internal control After completion of internal audit, the Audit & Inspection
and compliance of the Bank. The Board also reviews the Divisions submit reports to the Head of Audit. Head of
observations of the Audit Committee to make sure that Audit places especially serious lapses (SL) reports to Audit
internal control & compliance are rigorously maintained. Committee of the Board for necessary suggestions. The
Audit Committee evaluates the irregularities, fraud and
The Audit Committee consists of four members of
forgeries and important deviations detected by internal
the Board of Directors. Moreover, A representative of auditors. In 2021, seven meetings of Audit Committee
Bangladesh Bank is an observer in the Audit Committee. were held in which internal & external audit/ inspection
Seven meetings were held regarding Internal Control & reports, appropriateness of ICC for proper functioning of
Compliance in 2021 where all Memos were discussed by ICC.
the Audit Committee.
Audit Monitoring
The Efficiency, Effectiveness, and Monitoring is the Bank’s own oversight of the control
Achievement of ICC in the year 2021 system. Effectiveness of the Bank’s internal control should
be monitored on an ongoing basis. Key or high risk items
Risk Based Internal Audit and Inspection should be identified and monitored as the part of daily
As per the Bangladesh Bank instruction the ICC has activities. In addition, there should be periodic evaluation.
been implementing ‘Risk Based Internal Audit (RBIA)’ The Monitoring Division ensures its internal control
through core risk factors in the daily activities of the process through review of DCFCL, LDCL, QOR of branches
Bank to assess the business risk as well as control risk and other mechanism. If notable deviations are found, they
associated with the branches. The Audit & Inspection have to report before Head of ICC for taking necessary
Divisions prepares a risk based internal audit plan for actions to mitigate the risk.
every year. The internal audit plan is approved by Audit
In the year 2021, Audit Monitoring Division achieved its full
Committee of the Board.
target through effectively serving the following activities:
In 2021, Audit and Inspection Divisions conducted 381 i) Self-Assessment of Anti-Fraud Internal Controls.
comprehensive audits (295 Branches, 37 Corporate
ii) Audit through Internal Control Team (ICT)
Branches, 10 AD Branches, 17 District Head Quarter
Branches, 7 Zonal Offices, 0 Circle Offices, 15 Divisions), iii) Issue Based Audit/Inspection Team activities.
80% achievement than targeted. iv) Work Shop to outreach on ICC Risk Management
v) Data collection & analysis through DCFCL, LDCL, QOR
Risk Based Internal Audit 2021 (Daily, Monthly, Quarterly), etc.
2021 2020
Audit Compliance (External)
Targeted Scope Tar- Achieve- Achieve-
ment
Target
ment
Audit Compliance (External) of ICC is responsible to
get
ensure that the Bank complies with all regulatory
Corporate (all are AD)
37 37 34 34 requirements while conducting its business. This Division
Branches
Authorized Dealer (AD) is responsible to comply of Government Commercial
10 10 10 10
Branches Audit, Bangladesh Bank Inspection, Chartered
District Head Quarter Accountancy Firms Audit and other Issue Based Audit
50 17 49 7
Branches
Branches 353 295 369 253
Compliance on Bangladesh Bank Inspecting objections
Zonal Office 21 7 24 8 Year

Description
Circle Office 5 0 6 1 2021 2020 2019 2018
Head Office Division 16 15 18 16
No. of objections
Agrani Exch. House 3 0 3 - 796 799 997 1,042
(opening balance)
Islamic Window 5 6 5 1
Add: No. of objections
Others 2 2 2 - 607 951 2,674 3,897
raised in the year
Issue Based - 11 - 2
Less: No. of objections
(767) (954) (2,872) (3,942)
Total 502 400 520 332 compliance /settled
Achievement in Unsettled objections
80%* 64%* 636 796 799 997
percentage as on 31st Dec'20

In 2021, Bangladesh Bank Inspection Team inspected 39 Comparative statement of Internal Audit Compliance for
branches and raised 607 objections. Previous number last four years:
of unsettled objections was 796. During the year 767
objections were settled. Year
Description
Compliance on Commercial Audit objections 2021 2020 2019 2018
Year No. of objections

17,255 18,591 12,281 14,992
Description (opening balance)
2021 2020 2019 2018
Add: No. of
No. of objections objections raised 27,180 22,632 34,189 27,300
4691 4,984 5,477 8,403
(opening balance) in the year
Less: No. of
Add: No. of
objections
objections raised in 139 67 157 359 (28,416) (23,968) (27,879) (30,011)
compliance /
the year
settled
Less: No. of
Unsettled
objections (151) (360) (650) (3,285)
objections as on 16,019 17,255 18,591 12,281
compliance /settled
31st Dec'20
Unsettled objections
4679 4,691 4,984 5,477
as on 31st Dec'20 In the Conclusion, ICC will ensure the efficacy of the Risk
Based Internal Audit and Inspection, Issue Based Audit
and Special Audit for each and every Branch and Office,
In 2021, Commercial Audit team conducted 2
Windows & Subsidiaries of Agrani Bank Limited.
comprehensive audits and 139 objections have been
raised. Previous number of unsettled audit objections Internal Control and Compliance (ICC) Risk
was 4,691 of them 151 objections has been settled
The Bank and its branches are involved in diversified
during the year through arranging tripartite meetings
& complex financial activities in the present digital era.
and by responding to objections & providing evidence.
These financial activities and international business
The Compliance Divisions of ICC maintains strong liaison of the bank bear significant risk. Thus the issue of
with the regulators at all levels and ensures all guidelines effective internal control system, corporate governance,
received from regulatory authority are properly transparency and accountability etc. has been of great
disseminated among the relevant divisions. importance. Weakness in internal control system
may lead to significant amount of loss which may be
Audit Compliance (Internal) originated from internal & external fraud, employee
practices and workplace safety, business practices,
Audit Compliance Division (Internal) of ICC is responsible
damage of physical assets, business disruption & system
to ensure that the Bank complies with all regulatory
failure and process management etc.
requirements while conducting its business. This Division is
responsible for compliance of Internal Audit and Inspection. Internal Control is the process affected by an
During 2021 Internal Audit Team inspected a total number organization’s Board of Directors, management and
of 400 auditable items and raised 27,180 objections. other personnel, designed to provide reasonable
Previous numbers of unsettled objections were 17,255. assurance regarding the achievement of objectives
During the year 2021, the total number of objections in the effectiveness and efficiency of operation at all
28,416 has been settled. Number of unsettled objections level within the organization. The process includes all
as on 31/12/2021 was 16,019. the policies and procedures established to manage and
control a particular risk or business activity to which the
Like external, this division also maintains strong liaison bank is exposed to.
with the regulators at all levels and ensures all guidelines
received from regulatory authorities are properly The main objectives of the internal Control System can
disseminated among the relevant divisions. be categorized as follows:

• Efficiency and effectiveness of activities controls of the online banking and tiredness IT Service
(performance objectives). providing.
• Reliability, completeness and timeliness of financial Pre-audit cell is also formed to control in head office
and management information. divisions’ expenditure.
• Compliance with applicable laws, regulations ICC is headed by a General Manager for co-ordination
(compliance objectives) from a single platform.
• Risk mitigation through effective internal control Audit & inspection Divisions conduct on-site periodical
systems. and special inspections as per Risk Based Audit
To ensure appropriate level of internal control system, Plan approved by the Board to verify whether there
ABL’s ICC has been structured as per prescribed exists any noncompliant issue. Monitoring Division is
by relevant department of Bangladesh Bank ‘Core engaged with on-site and off-site monitoring functions.
Risk Management Guidelines’. Its internal Control & Compliance Division deals with the in-house developed
Compliance functions are jointly performed by Audit and regulatory compliance related activities and also
& Inspection Division-1, Audit & Inspection Division-2, functions as the contact point of the bank. They ensure
Audit Monitoring Division, Audit Compliance Division that corrective action plans are implemented within the
(Internal Audit Compliance) and Audit Compliance deadline and also ensure proper corporate discipline and
Division (External Audit Compliance). awareness. ICC places a summary of Audit & inspection
reports to Audit Committee of the Board and measures
Under the ICC, Cyber audit cell is formed for more are taken according to decisions of the Committee.

Risk Management
Statement of Board Risk Management Committee
 Supervising activities and performance of Executive

Risk Management Committee (ERMC);
 Ensuring compliance of BB instructions in
implementation of core risk management policies;
 Reviewing (at least annually) core risk management
guidelines/policies;
 Supervising implementation and execution of risk
management policies and guidelines;
 Complying with regulatory instructions issued from
time to time; and
 Any other activity, responsibility as assigned by the
Board of Directors and Bangladesh Bank.
Board Risk Management Committee Meeting

The Board RMC of ABL held 05 (five) meetings in 2021
Kashem Humayun
although Bangladesh Bank advised to hold at least 4
Chairman Board Risk Management Committee
meetings in a year (preferably one meeting in every
quarter). The number of meetings attended by the
The Board of Directors of Agrani Bank Limited formed a Committee members is shown in the table given below:
Board Risk Management Committee (BRMC) in its 335th Status Status
Sl. Meeting
meeting held on 21 September 2013 in accordance Name with the with the
No. Attendance
Bank Committee
with the instruction of Bangladesh Bank vide BRPD
Circular No. 11, dated 27 October 2013 to ensure whether 01 Kashem Humayun Director Chairman 03
appropriate risk management measures are being 02 Dr. Md. Foroz Ali Director Member 03
put in place and applied and whether adequate capital Khondker Fazle
03 Director Member 02
Rashid
and provision are being maintained against the risks
04 Tanzina Ismail Director Member 03
identified.
The committee was reconstructed on 12 April, 2021 as below:
Broad Objectives of the Committee
 To Oversee and control various risks arising from Status Status
Sl. Meeting
Name with the with the
implementation of strategies, policies and plans No. Attendance
Bank Committee
approved by the board;
01 Kashem Humayun Director Chairman 02
 To ensure that Management has taken proper steps
to identify, measure and reduce risk in line with the 02 Dr. Md. Foroz Ali Director Member 02
set strategies and action plans; 03 Mafiz Uddin Ahmed Director Member 02
 To review the risk management activities, capital
04 Khondker Fazle Rashid Director Member 02
adequacy and financial position of the Bank; and
 To review the actions, strategies and performance 05 Tanzina Ismail Director Member 02
against all banking risks etc.

The Company secretary of the bank acts as the
Roles and Responsibilities of the Committee secretary of Risk Management Committee of the Board
The Committee is entrusted to supervise and review of as per the instructions given by Bangladesh Bank. The
risk management process covering the following: Minutes of the RMC Meetings consisting of instructions,
suggestions and recommendations are placed to the
 Identification and development of Risk control and
meeting of the Board of Directors for ratification on a
mitigation strategy;
regular basis.
 Formulating risk management policies and
strategies;
 Monitoring implementation of risk management
policies & manuals;

Risk Management
Statement of Board Risk Management Committee
ACTIVITITIES OF BOARD RISK MANAGEMENT  Review of up gradation of Core Banking Software

COMMITTEE DURING 2021 (CBS) of the bank;
The BRMC advises, suggests and instructs on various  Review of implementation and progress of decisions
risk issues of the bank for further improvement through taken in each Board Risk Management Committee
discussions and review session with the Chief Risk meeting;
Officer (CRO). The committee reviewed and focused on
various risk issues during the year. Some key issues are Acknowledgement
as follows:
 Review of restructured large loans; The Risk Management Committee expresses its
gratitude to the members of the Board appreciate and
 Observations on the issuence of “ Guidelines for Management Team and Risk Management Division
Prevention of Trade Based Money laundering” ; for their continuous support to discharge its due roles.
 Observation on Risk Appetite Report ; The committee expects more vigilance, proactive risk
identification and risk management initiatives from the
 Review of Top-50 default loans of the bank;
bank concerned divisions of operations of the bank.
 Adequacy of collateral security held against Loans;
On behalf of the Risk Management Committee of the
 Observation on Credit Risk Assessment and
Board;
Resolution Report for Top-20 Loans;
 Observation report on Comprehensive Risk

Management Rating by Bangladesh Bank;
 Review and approval of “Strategic Business Plan” of

Kashem Humayun
the bank ;
Chairman of the Risk Management Committee of the
 Observation on the risks covered under SRP; Board

Risk Management
Statement of the Board Risk management Committee
Risk management terms and conditions agreed with the Bank. Thus Bank
Risk is defined as the uncertainty and harm that may considers future hazards or risk that may arise in the
cause uncertainty in systematic operation. Business long run. When a credit proposal is received by the Bank
institutions predict probabilities and somewhere it considers its all ins and outs of the project. To assess
quantifies them and try to mitigate them prudently. the risk and viability of the proposed project all of its
The more they are able to identify the risk the more the financial and economical background are taken into
business moves smoothly. consideration. To evaluate the importance bank collects
minimum five years account related all statements,
Risk management is the process of identifying, assessing
market share, market penetrating ability, ability to
and controlling threats to the concern organizations’
face future arisen risks, efficiency of the management
capital and earnings. proper risk management is the
etc. are taken into consideration . ABL is always an
main safe guard key to the organizations. The threats
economical friendly banking institute. It wants to engage
or risks may stem from a wide variety of sources,
its hardest effort to make national economy dynamic by
including financial uncertainty, legal liabilities, strategic
contributing in SME, Trade and commerce, Industry and
management errors, accidents and natural disasters. So
any other promising sectors but every credit proposal is
now a days risk management culture is wide discipline at
examined acutely as every credit can have its economical
every enterprise. Bangladesh Bank as regulatory body
dynamism to the borrower and also to the economic
of banking and financial institutions of the country has
environment.
special program to manage risk and it has suggestions
and directives to the concern instituttions to run them Banking operations come with the factor of risk; it’s
smoothly. inevitable. Among the various types of banking risks,
credit risk represents the most important type of risk for
Risk management in Agrani Bank Ltd. banks. The Bank is exposed to credit risk both through
Agrani Bank Ltd. as a large state owned banking direct exposures and through contingent exposures.
institutions has a wide portfolio of about BDT 1.1 trillion. Credit risk is understood simply as the risk a bank takes
ABL spreads its business and other activities in line with while lending out money to borrowers. They might
demand of time and mass people’s expectations. So default and fail to repay the dues in time and these
bank authority is always concern to safe the interests of results in losses to the bank.
its stake holders. ABL has its own policy to manage the
The goal of credit risk management in banks is to
evolving future threats as well as inherent hazards. The
maintain credit risk exposure within proper and
Bank has its guidelines for each and every transaction.
acceptable parameters. It is the practice of mitigating
So every individual will be liable for his or her own part.
losses by understanding the adequacy of a bank’s capital
ABL has risk management committee in its board
and loan loss reserves at any given time. For this, banks
level headed by a senior director and a management
not only need to manage the entire portfolio but also
level committee headed by a senior executive of the
individual credits.
bank. In head office level there is a division named
“Risk management Division” as the secretariat of risk Credit risk is the risk of default by counter parties to
management of the bank. This division arranges a transactions. By attaching very high importance to have
monthly meeting on Risk Management. The division effective control on credit portfolios, Board of Directors
presents the movements of each and every risk related & the Management of Agrani Bank Ltd. are committed
figure collected from concern divisions at head office to establishing an appropriate environment for a sound
level and field level in a form prescribed by Bangladesh credit analysis & granting process by maintaining an
Bank. If any deviation or negative movement is found appropriate credit administration, measurement and
then instant recommendations are given for remedy monitoring.
and its progress and implementations are discussed in Agrani Bank’s own lending policy has been introduced
the next meeting. Minutes of the meetings and filled in line with the directives received from the Bangladesh
in formats are sent to Bangladesh Bank on a quarterly Bank and the Government. Having own approach to
basis. Bangladesh Bank also evaluate them and sends establishing credit risk management models; there are
their observations and directives for compliance. a few basic steps that every Credit Risk Management
includes-
Credit Risk Management • A complete understanding of a bank’s own capital
Credit risk is a risk from onside of a borrower that he reserve.
may fail to repay the installment scheduled as par the

Risk Management
• Understanding a bank’s overall credit risk based on document from them. Before this we collect all official
individual, customer and portfolio levels. and personal information. Actually we consider the
person behind the job. A competent person with
• Implementing an integrated and quantitative credit expertise business qualities or experience is the priority
risk solution to make an appropriate credit risk to sanction or extend loan. But for better security and
environment. to control risk in future the bank considers the following
related subjects of the project:
• Establishing a sound credit-granting process or
criteria that will clearly indicate the bank’s target i) Minimum five years accounts statement specially
market. This should include appropriate credit the cash flow statement;
administration, measurement and monitoring
process. ii) Legal aspect of the product;
iii) Market share and market penetrating ability;

In order to assess the credit risk associated with any
financial proposal, Bank first assesses a variety of risks iv) Infrastructural condition of the industry ;
relating to the borrower and the relevant industry. The
borrower credit risk is evaluated by considering: v) Transportation system; and
vi) Resilience capacity or adaptation ability in

• The financial position of the borrower, by analyzing
the quality of its financial statements, its past adverse situation.
financial performance, its financial flexibility in terms
The Bank has the power of delegation approved by the
of the ability to raise capital, and its capital adequacy;
Board. Branch and some cases zonal offices approve
• The borrower’s relative market position and small, cottage agricultural and other alike loans. In case
operating efficiency; of large credit approval authority is the apex body “Board
of Directors”.
• The quality of management, by analyzing its track
record, payment record, and financial conservatism. Asset-Liability Management (ALM) Risk
Industry-specific credit risk is evaluated by considering: The Asset-Liability Management (ALM) deals with
different categories of assets on the balance sheet
• Certain industry characteristics, such as the of bank. ALM manages the use of assets and focuses
importance of the industry to the economic growth
on the timing of cash flows to match assets with the
of the economy and government policies relating to
payment of liabilities to pay obligations as they come
the industry;
due and ensures that assets or the earnings can be
• The competitiveness of the industry; and converted into cash.
• Certain industry financials, including return on capital The Asset Liability Management (ALM) is a part of overall
employed, operating margins, and earnings stability. risk management in the bank. ALM examines all the
assets and liabilities on a continuous basis to ensure
After conducting an analysis of the specific borrower’s effective balance between mobilization and deployment
risk, the credit rating agency assigns a credit rating to of funds with respect to maturity, yield, risk exposure,
the borrower. Generally, bank accepts a scale of ratings profitability, liquidity etc along with the macro level
ranging from AAA to BBB (varies from firm to firm).
factors.
Credit ratings are the critical input for the credit approval
process, as they help the bank to determine the desired
Liquidity Risk
credit risk, spread over its cost of funds, by considering
the borrower’s credit rating and the default pattern Liquidity risk is the possible inability of a bank to meet
corresponding to the credit rating. its financial obligations due to mismatch between
assets and liabilities. Liquidity risk comprises time
Loan Processing in ABL risk and funding risk. Liquidity management needs
to cover forecasted withdrawals of deposit. Liquidity
After receiving credit proposal our expert team studies
management helps to efficiently accommodate deposit
its ins and outs with due care. The Bank follows the
and enable funding requirement for loan growth and
policy “Prevention is better than cure.” For this bank
possible funding of the non-funded claims.
communicates with the party and asks necessary

Risk Management
Roles and Responsibilities of ALM Desk respectively. Liquidity position report is presented
Assets and Liabilities Management (ALM) plays the key on monthly basis in the Executive Risk Management
roles for financial soundness of bank in the long run. ALM Committee highlighting growth in assets and liabilities
strengthens balance sheet of bank through review of and related risk measures to help management in making
market and assessment of the regulatory requirements decisions in respect to overall risk management of Bank.
in a timely manner. ALM activities are being carried out
Foreign Exchange Risk Management
by treasury division. ALM functions regularly oversee
Foreign exchange (FX) risk describes the possibility that
change of liability, interest rate, credit growth, liquidity
an investment’s value may decrease due to changes in
position, and pricing of assets and liabilities by analyzing
the relative value of the involved currencies. Exchange
the internal business and industry outlook. The prime
rate risk is the current or prospective risk to earnings
objective of treasury is to minimize funding cost and
and capital arising from adverse movements in currency
increase profitability with the minimum plausible liquidity,
exchange rates. It also refers to the losses that an
foreign exchange and interest rate risks.
international financial transaction may incur loss due to
currency fluctuations.
Governance
The Asset Liability Management Committee (ALCOM) Exchange Rate Risk
is the decision making body to monitor and manage Foreign exchange risk of bank may arise from the
liquidity risks of bank. ALCOM is headed by the Managing
following activities:
Director and comprising of the all the senior officials of
Bank. The ALCOM meets at least once in every month to i. H
olding foreign currency position in the banking
review and discuss liquidity position, maturity profile of book
assets and liabilities, deposit mix and market condition
ii. Engaging in derivative transactions that are
to make important decisions related to the financial
denominated in foreign currency
composition, liquidity risk, interest rate risk and foreign
exchange risk of Bank. The decisions of the meeting iii. Risk of Settlement arising from default of counter
are disseminated to all concerned authorities for parties.
implementation. Management incorporates the changes
iv. Potentially adverse change in the current
in operations and policies of ALM activities in line with
economic value of a position due to changes in
changes made internally and by Bangladesh Bank.
the associated underlying market risk factors.
Mitigation of ALM Risk v. Time lags in settlement of one currency in one

center with another currency located at different
The Bank has already developed contingency planning
time zone.
to address unforeseen events related to ALM activities.
Contingency plan provides guidance in managing Transaction risk
short-term and long-term liquidity risk and helps bank
Transaction risk is the risk a company faces when its
to manage fluctuations in liquidity effectively and
buying or selling a product from a company located in
efficiently. ALCOM monitors the money market activities another country.
to compare movement of interest rate on deposits
and lending to mitigate the interest rate risk. Bank also Economic risk
prepares a liquidity profile by segregating assets and This refers to the way in which a company’s market value
liabilities in different maturity buckets and determines is impacted by an unavoidable exposure to currency
the risk sensitive assets and liabilities. fluctuations. This risk can be created by macroeconomic
conditions like exchange rates, government regulations
Monitoring and geopolitical stability..
Bank monitors liquidity risk inherent in businesses Translation risk

and monitor the changes in each indicator against Translation risk refers to a situation where a parent
the set trigger points to minimize liquidity risk. Bank company owns a subsidiary in another country and the
also determines the short term and long term liquidity subsidiary’s revenue or profits are converted to the
position through the LCR and NSFR statement parent company’s currency at a lower value.

Integrated Report
Risk Management
Country risk The Nostro accounts are verified by the external auditors
and reports are submitted to internal management and
The foreign exchange transactions with counter parties
Bangladesh Bank. Moreover ABL’s Internal Audit is being
situated outside Bangladesh also involve sovereign or
conducted annually to comply with the foreign exchange
country risk.
risk management policy. The findings of audit reported
Governance are informed to the concerned divisions and to the Board
Audit Committee of the Bank.
ABL has formulated a foreign exchange risk manual in
line with the guidelines issued from Bangladesh Bank Money Laundering Risk
to minimize the risks in foreign exchange activities. In
Money laundering is a crime, justified by the fact that
the guideline, bank has specified issues like net open
whoever launders money is pursuing a way to legitimize
position, maximum loss limits, counter party limit etc.
their ill-gotten gains which is accumulated via illegal
The foreign exchange dealings are being carried out
activities and it allows criminals to enjoy the proceeds of
by treasury division as front office. Treasury division
their crime. By looking at the modus operandi of money
regularly monitors the market condition to minimize
laundering, banking institutions are primarily the first-
loss due to any adverse movement of market price.
level contact points by money launderer due to several
The foreign exchange risk is managed through regular
factors including multiple services provided by banking
reviews of foreign exchange exposures.
institutions such as deposits, loans, investments and
Roles & responsibilities foreign exchange. So it is a real problem to the banking
institution and to the nation as a whole.
The front office of Treasury Department performs
transactions and the back off¬ice is engaged in the Money Laundering Risk is the potential for legal
verification of the deals, settlement of transaction, timely or regulatory penalties, material financial loss or
reporting of information on exchange transactions, reputational damage resulting from the failure to comply
passing the entries in the books of account etc. The with applicable laws and regulations relating to Money
functions of front office, Mid Office and Back Office are Laundering Prevention Act, 2012, and The Anti-Terrorism
independent and located in separate places to minimize Act, 2009, Money Laundering Prevention Rules 2013,
plausible risk. Anti Terrorism Rules 2013, Bangladesh Financial
Intelligence Unit (BFIU) guidelines for Money Laundering
Mitigation and Monitoring
and Terrorist Financing Risk Management Guidelines and
Methods that are followed to mitigate foreign exchange international standards.
risk:
Roles and Responsibilities
Limits:
To ensure compliance of AML & CFT prevention,
Each dealer is allocated individual limit by the Head Central Compliance Unit (CCU) has been established
of Treasury. Dealing limits are set according to the at the Head office of the bank. The CCU consists of
complexity of business, size of bank, market conditions a General Manager as CAMLCO, two Deputy General
etc. Managers as D-CAMLCOs, one Assistant General
Stop-loss Limit: Manager, and one Senior Principal Officer. The
employees of the CCU must have sufficient knowledge
Every dealer is assigned a stop-loss limit. Limits are also
on AML & CFT measures of Bangladesh and the
set for individual deals and dealer portfolio positions.
instructions issued by BFIU or Bangladesh Bank.
Valuation: Following proper procedure the CCU shall continue
issuing instructions for the branches, where transaction
The Treasury back-office evaluates all outstanding
monitoring system, internal control system, policies
positions at current market rates (mark-to-market) to
and techniques will be included to prevent Money
determine market value on a daily basis.
Laundering and Terrorist Financing. The existing
The Nostro account reports are submitted to internal practice of making Suspicious Transaction Report
management and Bangladesh Bank. Moreover, ABL’s (STR) or Suspicious Activity report (SAR) to BFIU shall
Internal Audit is being conducted annually to ensure remain the function of the CCU.
compliance with the foreign exchange risk management
Besides CCU, the bank has also nominated Regional
policy. The findings of audit are informed to the Board
Anti-Money Laundering Compliance Officer (RAMLCO),
Audit Committee of the bank.

Integrated Report
Risk Management
Branch Anti-Money Laundering Compliance Officer Development Division on a periodic basis to create
(BAMLCO) and reporting officer for monitoring awareness among the employees of the bank
and reporting to the higher authority regarding the
compliance issues of Money Laundering Risk. Internal Control and Compliance (ICC) Risk
Due to diversity and complexity in financial activities,
As the first line, the reporting officers at branch
banking business involves various risks. Banking
level have responsibility for the application of policy
operation involves both inherent and acquired risks in
controls and the identification and measurement of
the pursuit of value creation. The risks can be controlled
money laundering risk. The reporting officers must
through an effective internal control system. Corporate
communicate risks and any policy non-compliance governance, transparency of all financial activities and
to the second line (BAMLCO) for review. Similarly, the accountability towards its stakeholders and regulators,
reporting and review processes flow upwards from ethical banking and regulatory compliance- the effective
BAMLCO to RAMLCO and RAMLCO to CAMLCO. The internal control system can ensure smooth performance.
CAMLCO is the chief reporting officer and reports to Lake of duly performance of the above creates scope for
the MD or CEO of ABL. any risk. Effective risk management and internal control
Mitigation of ALM Risk is therefore relying on a regular evaluation of the nature
and extent of risks.
• Being a Bank Company, ABL has statutory Internal Control is now being termed as an internal
obligation to comply with all applicable Anti- part of the daily activities of a bank. Internal control is
Money Laundering rules and regulations. In line fundamental to the successful operation and day-to-
with evolving regulatory rules and acts relating to day operation of a business and it assists the company
the prevention and combating process, ABL has in achieving its business objectives. It encompasses all
formulated its own policy guidelines and manuals controls- the strategic, governance and management
to follow and implement by the officials at all processes, covering the bank’s entire range of activities
levels for effective management. The following and operations, and not just those directly related to
activities are carried out by ABL to mitigate the financial operations and reporting. Effective Internal
risk regarding money laundering risk: Control system results in better risk management
practices in terms of identification, management,
• ABL has maintained Customer Due Diligence
monitoring and mitigation of risks. It is a process within
(CDD) process which combines the ‘Know
a financial organization designed to provide reasonable
Your Customer (KYC)’ procedure, transaction assurance regarding the following primary objectives:
monitoring based on the information and data  Secrecy, reliability and integrity of data and
or documents collected from reliable and information;
independent sources.  Compliance with policies, plans, procedures, laws
and regulations;
• ABL has introduced Automated Screening
 Safeguarding of its investments and assets;
Software named as “Velocity AML Solutions Suite
 Economical and efficient use of resources and
Software” to comply with Anti-Money Laundering
 Accomplishment of established objectives and
(AML), and FATCA regulations with ease and
goals of operations or programs etc.
simplicity.
Internal Control & Compliance (ICC) of ABL has been
• Monthly Cash Transaction Report (CTR) is formed as per prescribed organizational structure of
submitted to BFIU of Bangladesh bank (BB) using Bangladesh Bank given in the “Core Risk Management
go AML web for the customers depositing or Guidelines” to ensure appropriate level of internal
withdrawing cash amounting BDT 1.00 million or control system. ICC ensures compliances with law and
above in a day. regulations policies and procedures issued by both
the bank management and the regulators. Head of ICC
• Monitoring of suspicious transaction is carried is a General Manager for co-ordination from a single
out through internal technique of the bank. If any platform. For better and smooth functioning of ICC, there
suspicious transaction is detected, ABL send are five divisions:
Suspicious Transaction Report (STR) to the BFIU of 1. Audit & Inspection Division-1;
Bangladesh Bank. 2. Audit & Inspection Division-2;
• ABL has conducted AML training/workshop 3. Audit Monitoring Division;

with cooperation of HR Training, Research & 4. Audit Compliance Division (Internal) and

Integrated Report
Risk Management
5. Audit Compliance Division (External). that introduce new risks that are usually not well
ICC along with its five divisions conducts its activities as understood.
per ICC Policy, Procedure and manual approved by Board
ICT risk management is all about identifying and
of Directors. Internal Control and Compliance (ICC) Policy
preparing for adverse situations that usually result from
& Procedures-2019 incorporated-
inadequate internal processes, external events such as
1. ICC Manual cyber-attacks, or even natural threats. Our ABL cyber
2. Internal Audit Manual security experts under the guideline of Bangladesh
Bank, have the experience and competences to analyze
3. Risk Based Internal Audit Manual
business current state and to manage ICT governance
4. Audit Compliance Manual and strategy, risk assessments, design of information
5. Audit Monitoring & Controlling Manual security controls, penetration testing, and business
continuity management.
6. IT Audit Manual
7. Fraud Detection & Management Policy Information and Communication Technology (ICT)
has become an indispensable part of today’s banking
Audit & Inspection Divisions conduct on-site inspections-
and financial activities in both local and global arena.
periodically and specially, as per ICC Policy, Procedure,
Besides, increased competition necessitated banking
manual and “Risk Based Audit Plan” approved by the
organizations to put emphasis on ICT for increasing
Board of Directors. Monitoring Division is engaged with
customer base, wide range of choice for products and
on-site and off-site monitoring functions. Compliance
services offering, bank’s reputation. ICT tools enable
division deals with the in-house developed and regulatory
bank to present professional product offer and sustain in
compliance related activities and also functions as the
innovative market place.
contact point of the Bank. They ensure that corrective
action plans are implemented within the set deadline Use of ICT tools has increased technology infrastructure
as well as ensure proper corporate discipline and of banks significantly. Numerous operations of bank are
awareness. They deal with the objections arise from being performed using ICT tools in day to day activities.
internal, external and Bangladesh Bank audit and Such reliance on ICT, inter connectivity within the bank
inspection. ICC places a summary of audit & inspection and with other banks, internally performed activities,
reports to the Board Audit Committee and measures are increased transactions volume, wide range network
taken according to decisions of the Committee. coverage lead banks to a number of risks. The emergence
Information and Communication Technology (ICT) Risk of cyber risk along with the digitalization process and IT
Management outsourcing, highlights the need for IT security and risk
management at all levels of the business.
ICT risk means any reasonably identifiable circumstance
The Bank faces risk from IT uses, cost and complexity
in relation to the use of network and information systems,
of the IT environment. To oversee IT risk, the bank
- including a malfunction, capacity overrun, failure,
understands the risks technology, and set clear direction
disruption, impairment, misuse, loss or other type of
and expectations. For ABL we have an efficient IT
malicious or non- malicious event - which, if materialized,
framework built in accordance with the Bangladesh
may compromise the security of the network and
Bank Guidelines on ICT that will help counter challenges
information systems, of any technology-dependent
identified in effective IT risk assessments, a capable
tool or process, of the operation and process’ running,
toolkit will help in the prevention of a security incident.
or of the provision of services, thereby compromising
Taking IT threats into consideration, bank’s exposure
the integrity or availability of data, software or any
towards IT infrastructure, IT risk management has
other component of ICT services and infrastructures, or
become highly prioritized event for the bank. Agrani Bank
causing a breach of confidentiality, a damage to physical
has been performing ICT Risk Management according to
ICT infrastructure or other adverse effects;
the ICT Risk Management framework for ABL as-
Information and communication technology (ICT) has  The Bank has implemented ICT risk Management
dramatically shaped financial services within last two Framework which will cover the risk related with
decade, connecting one of the oldest industries globally people, process, ICT related system & technology
to the digital world. Technological advancement brings and external events. The bank has managed ICT
tremendous benefits but also new layers of complexities risk in accordance with-

Integrated Report
Risk Management
People i. Network Risk - Improper Configuration,

• Staff Training & Awareness Authentication, device Malfunction,
• By gaining Professional Skills and Qualifications improper design, cyber-attack etc.
• By acquiring Competent Resources ii. Data Centre/ Disaster Recovery Site Risk -
Server Failure, Monitoring Failure etc.
Process
iii. Hardware Risk – Power Faults, Equipment
• •Management Systems
Incompatibilities, damage etc.
• •Governance Frameworks
iv. Functionality Mismatch, lack of proper
• •Best Practice of ICT assets and operations
security etc.
• IT Audit
v. Internal, Regional and Global Cyber Threat-
Technology Fishing, Spoofing, DDos, Malware, Spyware
The bank shall deploy technology with competent people, and other Cyber-criminal offences.
support processes, knowledge of latest technology or an  Effective ICT risk management depends on
overall plan. appropriate governance and oversight of the
 The ICT Risk Management framework basically focus risk. Risk oversight covers both the ICT risk
to achieve the following activities of the bank. management process as well as individual
accountabilities for managing ICT risk outcomes.
Confidentiality (C) - is a set of rules that limits access to
The bank has been complying the overall roles
information.
and responsibilities of BODs, Top Management
Integrity (I) - is the assurance that the informationis and employees to achieve sustainable,
trustworthy and accurate. uninterrupted operation by protecting the bank
Availability (A) - is a guarantee of reliable access to the from ICT Risk using ICT Risk Management
information by authorized people. Framework.
 ICT Risks are related to the following activities that  AgraniBank has THREE Lines of Defencemodel
are happening all around the year for operational that has been used to clearly define risk
activities. management roles and responsibilities:
ICT Operational Risk Management

Three Lines or ICT Defense Framework
Board of Directors
SOC
(Security
Branch ICT Operational 3rd line of
Officer/ Defense
Centre) Independent
BR. Obak
UTM, Firewall, Riview
Secured IPser 2nd line of SIEM,
1st line of different Internal ICT
Defense Connection, Defense Zoning, Site Audit
Risk Taking No Internet Risk Control to Site PVN,
Unit access, Unit Threat
Antivirus Monitoring,
Awareness Analysing
and Mitigating
 The Bank has categorized and managed the identified risk after proper assessment according to the
Framework based on their frequency and magnitude as the following.
High Frequency HF+LM (Manage Strategy) HF+HM(Avoid Strategy)
Low Frequency LF+LM (Accept Strategy) LF+HM(Transfer Strategy)
Low Magnitude High Magnitude
The overall Risk Management for IT safeguards our risk weighted assets for sustainable and smooth
banking operation of ABL.

Disclosure Under Basel-III
Qualitative and Quantitative Disclosures
Under Pillar-III of Risk Based Capital Adequacy as of 31st December 2021
These disclosures have been made in accordance 1) That is fully consolidated.

with the Guidelines on “Risk Based Capital Adequacy ABL’s Minimum Capital Requirement (MCR) has been
(Revised Regulatory Capital Framework for banks in arrived at both on Solo & Consolidated Basis.
line with Basel III)” issued by Bangladesh Bank vide
Following are the 5 subsidiary companies of Agrani
BRPD Circular No-18 of 21 December 2014.
Bank Limited.
The purpose of Market discipline in the Revised Capital i) Agrani Equity & Investment Limited
adequacy Framework is to complement the minimum
capital requirements (MCR) under Pillar I and the Agrani Bank Limited is the parent company of Agrani
supervisory review process under Pillar II and to establish Equity & Investment Ltd. which is established to
more transparent and more disciplined information on perform merchant banking activities in Bangladesh.
the position of the bank regarding holding of assets, Name: Agrani Equity & Investment Ltd. Date of
assets quality, risk management framework & Process, incorporation: 16.03.2010
risk mitigation techniques relating to the risk exposures
Date of Commencement: 16.03.2010 Authorized Capital:
and capital adequacy management so that stakeholders
Tk. 500, 00, 00,000
can assess the compliance status of the bank in risk
related issues. Paid up Capital: Tk. 500, 00, 00,000
Ownership Interest in Capital: Tk. 500, 00, 00,000
The major highlights of the regulations regarding (100%)
measurement of Risk Weighted Assets and capital
requirement: ii) Agrani SME Financing Company Limited
a) To assess Minimum Capital Requirements to be Agrani Bank Limited is the parent company of Agrani
maintained by a bank against credit,market and SME Financing Company Limited which is established to
operational risks perform retail banking activities in Bangladesh.
b) To maintain Capital to Risk Weighted Assets Ratio Name: Agrani SME Financing Company Limited Date of
(CRAR) at a minimum of 10 percent incorporation: 27.10.2010
c) To adopt the standardized approach for credit risk in
relation to implementation of Basel-III Tk. 500, 00, 00,000
Paid up Capital: Tk. 100, 00, 00,000
d) To adopt Standardized (Rule Based) Approach for Ownership Interest in Capital: Tk. 100, 00, 00,000
market risk
(100%)
e) To adopt Basic Indicator Approach for Operational
risk iii) Agrani Exchange House Private Limited, Singapore
f) To ensure public disclosures on the positions of Agrani Bank Limited is the parent company of Agrani
a bank’s risk profiles, capital adequacy and risk Exchange House Private Limited, Singapore which is
management system established to perform activities as remittance house.
g) To submit the returns to Bangladesh bank on a Name: Agrani Exchange House Private Limited,
regular basis Singapore Date of incorporation: 04.01.2002
Disclosure Framework Date of Commencement: 08.02.2002 Authorized Capital:
The following detailed qualitative and quantitative SGD 10, 00,000 Paid up Capital : SGD 10, 00,000
disclosures as on December 31, 2021 are furnished in line Ownership Interest in Capital: SGD 10, 00,000 (100%)
with Bangladesh Bank’s Risk Based Capital Adequacy
iv) Agrani Remittance House SDN, BHD, Malaysia
(RBCA) guidelines.
Agrani Bank Limited is the parent company of Agrani
Scope of application Remittance House SDN, BHD, Malaysia which is
established to perform activities as remittance house.
Qualitative Disclosures
Name: Agrani Remittance House SDN, BHD, Malaysia
a) The name of the top corporate entity in the group to Date of incorporation: 18.08.2005
which this guideline applies is Agrani Bank Limited.
b) An outline of differences on the basis of consolidation MYR 50, 00,000
for accounting and regulatory purposes, with a brief
Paid up Capital: MYR 30, 00,000
description of the entities within the group:
Ownership Interest in Capital: MYR 30, 00,000 (100%)

v) Agrani Remittance House Canada, Inc. Tier-2 Capital consists of General Provisions, Non-
Agrani Bank Limited is the parent company of Convertible redeemable Subordinated Bond issued to
Agrani Remittance House Canada, Inc. which is meet Tier-2 capital.
established to perform activities as remittance house. Non-convertible Subordinated Bond
Name : Agrani Remittance House Canada, Inc. Agrani Bank Limited issued Redeemable Non Convertible
Date of incorporation : 11.05.2012 floating rate Subordinated Bond of BDT 7,000,000,000
Date of Commencement : 26.05.2014 Authorized (Seven Hundred Crore) for a term of 07 years to
Capital : CAD 100 strengthen the capital base of the bank on the consent
Paid up Capital : CAD 100 of BSEC vide letter no. BSEC/CI/DS-88/2017/712 dated
Ownership Interest in Capital: CAD 100 (100% owned 26.12.2017 and NOC issued by Bangladesh Bank vide
by Agrani Bank Limited) BRPD letter No. BRPD (BFIS)661/14B(P)/2017-8691
dated: 28-12-2017. Of the total issued limit of BDT
2) That is neither Solo nor deducted (e.g. where the
investment is risk- weighted). 7,000,000,000 (Seven Hundred Crore), bank has raised
BDT 6,000,000,000 (Six Hundred crore) in 2017 and BDT
The accounts Of the ABL’s above mentioned
1,000,000,000 (One Hundred crore) in 2018 and used
subsidiary
the amount as a component under Tier-2 Capital.
companies have been consolidated.
Quantitative Disclosures
However, the investment in these subsidiaries has not
(Taka in crore)
been deducted from the capital of ABL.
Solo Consolidated
c) Any restrictions or other major impediments on
Particulars
transfer of funds or regulatory capital within the group.
(A)
Yes, there are.
Paid up capital 2072.29 2072.29
d) Quantitative Disclosures
Non-repayable share
-
Since the Capital requirement of ABL has been premium account
arrived at both on Solo & Consolidated basis as such
Statutory reserve 961.22 970.26
capital requirement of above mentioned subsidiaries
have not been assessed. General reserve 54.86 60.33
2. Capital structure Retained earnings (168.75) (166.03)
Minority interest in
Qualitative Disclosures - -
subsidiaries
a) The composition of regulatory capital is different
Dividend equalization
from accounting capital in line with Basel regime. - -
account
As per the RBCA Guidelines each bank has to
Others (Any item
maintain CRAR on Consolidated basis and solo - -
approved by BB)
basis as per instructions given by Bangladesh
Sub-Total (Common
Bank from time to time. The minimum CRAR for 2919.62 2936.85
Equity Tier-1 Capital)
the year ended December 31, 2020 was 10%. The Deductions from Common
- -
regulatory capital under Basel-III is composed Equity Tier-1 capital
of (i) a. Common Equity Tier-1 Capital (CET-1), b. Total Common Equity
2919.62 2936.85
Additional T-1 (AT-1) Capital and (ii) Tier-2 capital. Tier-I Capital (A)
The capital structure of ABL consists of Common (B)
Equity Tier-1 (CET-1) and Tier-2 capital.
Amount of Tier-2 Capital 1843.34 1843.34
Common Equity Tier- 1 Capital comprises of paid Deductions from Tier-2

- -
up Capital, Statutory Reserve, General Reserve and capital
Retained Earnings. Total Tier-II Capital (B) 1843.34 1843.34
ABL has no such capital under the criteria of Additional Total regulatory capital
4762.96 4780.19
Tier-I capital (A+B)

3. Capital Adequacy 4. Credit Risk

Qualitative Disclosures Qualitative Disclosures
a) With regard to regulatory capital computation a) a) Credit risk is the potential that a bank’s borrower
approaches (Minimum Capital Requirement) the bank or counterparty fails to meet its obligations in
is following the approach as prescribed by Bangladesh accordance with the agreed terms. Bank is exposed
Bank. Below are risk wise capital computation to credit risk from its dealing with or lending to
approaches that the bank is currently applying: corporate, individuals, and other banks or financial
• Credit Risk: Standardized Approach (SA) institutions. As regards capital charge for Credit
Risk, all assets in Banking Book have been risk-
• Market Risk: Standardized Approach (SA)
weighted strictly based on pre-specified weight
• Operational Risk: Basic Indicator Approach (BIA) as determined by Bangladesh Bank as per RBCA
guidelines. However, the bank has conducted proper
Capital of the Bank mapping with the grading of Bangladesh Bank for
In parallel to business growth, the bank effectively those exposures or claims graded by External Credit
manages its capital to meet regulatory requirement Assessment Institution (ECAI).
considering the risk profile. Below are few highlights:
Definitions of past due and Impaired Credit
• Currently Bangladesh bank prescribed Minimum To define past due and impairment through classification
Capital to Risk Weighted Assets Ratio (CRAR) is 10%
and provisioning, the bank follows Bangladesh Bank
whereas as on December, 2021 the CRAR of the Bank
Circulars and Guidelines. Accordingly, any Continuous
was 7.55%.
Loan if not repaid/ renewed within the fixed expiry date
• During the same period Minimum Capital for repayment or after the demand by the bank will be
Requirement (MCR) of the bank was BDT. 6,311.41 treated as past due/overdue from the following day of
Crore and Eligible Capital was BDT. 4,762.96 Crore.
the expiry date. Any Demand Loan if not repaid within
Note: As per financial statements as of 2021, The the fixed expiry date for repayment or after the demand
amount of BDT 5,023.64 crore being the shortfall of by the bank will be treated as past due/overdue from
provision (BDT. 4,545.38 crore for Loans & Advances the following day of the expiry date. Whereas, in case of
and BDT. 478.26 crore for Other Assets) has been any installment (s) or part of installments (s) of a Fixed
allowed as deferral by Bangladesh Bank through the Term Loan is not repaid within the fixed expiry date, the
letter no-DOS(CAMS)1157/01(II)- C/2022-2298 dated
amount of unpaid installments (s) will be treated as past
28 April 2022. The Bangladesh bank has allowed for
due/overdue after six months of the expiry date.
non deductions of deferred tax assets of BDT. 1,038.91
and Intangible Assets of BDT. 146.70 Crore from Tier-1 • Approaches followed for specific and general
Capital vide letter no-BRPD (BS) 661/14(B) P/2022-4452 allowances and statistical methods.
Dated 28 April 2022 The Bank has been following Standardized Approach
for assessing the requirement of Capital charge against
Quantitative Disclosures (Taka in crore) Credit Risk. The methodology used for this approach is
to rate the exposures by the External credit Assessment
Solo Consolidated
Institution (ECAI).
b) Capital requirement for Credit Risk 5,580.77 5,525.27
Bank’s Credit Risk Management Policy
c) Capital requirement for Market Risk 242.52 368.44
The Bank has a well structured delegation of credit
d) Capital requirement for approved authority for ensuring good governance and
488.12 498.17
Operational Risk better control in credit approval system. Considering
e) 7.55% 7.48% the key elements of credit risk, the bank has established
CRAR (Capital to Risk Weighted Credit Risk Management framework in line with the
4.63% 4.59% Bank’s Credit Risk Management (CRM) guideline. This
Assets Ratio)
framework defines CRM structure, role, responsibilities
CET-1 Capital ratio 4.63% 4.59%
and the processes to identify, quantify, and manage risk
Tier-2 Capital ratio 2.92% 2.88% under the given policy. The CRM guideline is reviewed
f) Capital Conservation Buffer - - from time to time to adopt new techniques, policies for
g) Available Capital under Pillar-2
measurement, management and mitigation of risks in line
- - with the socioeconomic scenario of the country.
requirement

ABL’s credit policy is based on the customers need Off-Balance Sheet Exposure
for their business, earning capacity of borrower, the
repayment capability of the business, and the value of Region (BDT in crore)
collateral. The Credit policy of the bank focuses on the Dhaka Region 28,091.95
economic goal of the country and policies adopted by
Chittagong Region 1,000.50
the Government. Bank’s Loan Review Policy is in place
to address the problem loans and to initiate appropriate Khulna Region 510.09
action to protect the Bank’s interest on a timely basis.
Rajshahi Region 147.61
ABL strictly adheres to the regulatory policies; rules
Barisal Region 12.43
etc. as regard to credit management and are in
compliance with regulatory requirements as stipulated Sylhet Region 161.46
by Bangladesh Bank from time to time. The objective
Rangpur Region 359.06
ofcredit risk management is to minimize the different
dimension of risks associated with credit exposures Mymensing Region 9.35
and to maintain credit risk profile of the bank within a
Comilla Region 47.84
tolerable range.
Faridpur Region 16.40
Total 30,356.68
b) Total (gross) Credit Risk Exposure broken down by
major types of credit exposure is appeared below: d) Industry or counterparty type distribution of
exposures, broken down by major types of credit
(BDT in crore)
exposure.
Solo Consolidated
Funded (BDT in crore)
Funded 1,03,205.62 1,02,672.11
Agriculture and Fishery 2,107.52
Non Funded 2,119.87 2,119.87
Jute & Jute Goods 1,202.15
Total 1,05,325.49 1,04,791.98
Transport Storage & Communication 659.83
c) Geographical distribution of exposures, broken Ship Breakings 543.52

down to significant areas by major types of credit
exposure. Textile & Readymade Garments 11,944.78
Food & Allied Industry 986.39

Balance Sheet Exposures (Loans & Advances)
(BDT in crore) Construction & Engineering 1,872.24
Region Urban Rural Total Pharmaceuticals and Chemicals 1,125.11
Dhaka Region 38,377.19 955.04 39,332.24 Leather Sector 570.28
Chittagong Region 2,542.66 92.92 2,635.58 Power Sector 1,042.13
Khulna Region 3,084.40 1,324.99 4,409.39 Professional and Services 1,117.28
Rajshahi Region 2,241.71 1,180.60 3,422.31 Housing Service 1,582.57
Barishal Region 675.54 534.54 1,210.08 Wholesale/Retail Trading 14,978.79
Sylhet Region 696.75 275.43 972.18 Personal (staff and other personal loan) 8,529.82
Rangpur Region 1,810.33 933.90 2,744.23 Bank & Other Non-Financial Institution -
Mymensing Region 1,732.17 1,004.33 2,736.50 Electronics & Automobile -
Comilla Region 936.86 407.46 1,344.32 Cement & Ceramic -
Others 11,527.87
Faridpur Region 691.80 291.67 983.47
Total 59,790.29
Sub Total 52,789.41 7,000.87 59,790.29

e) Residual Contractual maturity breakdown of the 5. Equities: Disclosures for Banking Book Positions
whole portfolio by major types of credit exposure. Qualitative Disclosures
(BDT in crore) a) The general qualitative disclosure requirement with

respect to equity risk, including:
Repayable on Demand 3,063.63
• ABL has considerable investment in equity shares
Not more than 3 months 3,908.56
of various companies and mutual funds and has
More than 3 month but not more than 1 year 16,449.76 active participation in the secondary market. In the
investment process ABL strictly follows the internal
More than 1 year but not more than 5 years 20,277.58
policies and procedures put into place in this respect.
More than 5 years 16,090.76 ABL also holds unquoted equities intent of which is
Total 59,790.29 not trading and the same are shown as banking book
asset in the balance sheet. As these securities are
f) By major industry or counterparty type: not quoted or traded, they are shown in the balance
sheet at cost price and no revaluation reserve has
• Amount of impaired loans and if available, past due
been created against these equities.
loans, provided separately: BDT. 9113.63 crore
• The equity markets are traditionally volatile with a
• Specific Provisions: BDT. 2,924.03 crore
high risk, high returns profile. In an uncertain market
• General provisions: BDT. 1,175.78 crore place like the present, investors cannot afford to
place all hope in only one product. Therefore, it is
• Charges for specific allowances and charge-offs
very important to protect the total investment value
during the period : Not Applicable
by means of diversification.
g) Gross Non Performing Assets (NPAs): BDT.
• Equity holdings under the banking book are recorded
12,037.66 Crore.
in the books of accounts at cost price.
Non Performing Assets (NPAs) to Outstanding Loans
& advances: 0.20: 1.00
b) Value of investments disclosed in the balance sheet,
Movement of Non Performing Assets (NPAs)
as well as the fair value of those investments; for quoted
(BDT in crore) securities, a comparison to publicly quoted share values
where the share price is materially different from fair
Opening balance 6,472.49 value.
Less: Cash Recovey 218.78 Book Value (Quoted Shares) Market Value (Quoted Shares)
549.16 Crore 427.94 Crore
Less: Re-scheduling 481.34
Provisions are kept against publicly quoted shares where
Less: Written-off 20.15 the share price is materially different from fair value
which is negative. However, no unrealized gain from
Add: Newly classified during the year 4,235.09
publicly quoted share is accounted for. In case of publicly
Total 9,987.31 quoted shares only realized gain is accounted for.
Movement of specific provisions for NPAs c) The cumulative realized gains (losses) arising from
sales and liquidations in the reporting period.
(BDT in crore)
Cumulative realized gain arising from sales of shares:
Balance at the beginning of the year 2,799.39
Tk. 23.70 crore
Add: Recoveries of amount previously 54.39 d)
written off
• Total unrealized gains/ (losses)
Add: Specific provision for the year 96.87
• Unrealized gain/ (loss) against investment in
Less: Provision adjustment during the year - quoted shares is Tk. (121.22) crore
Less: Written off/waived (26.62) • Total latent revaluation gains/ (losses) : None
• Any amounts of the above included in Tier- 2
Provision held at the end of the year 2,924.03
capital. Not Applicable

e) Capital requirements broken down by appropriate 1) Impact on earnings and

equity groupings, consistent with the banks 2) Impact on Capital requirements.
methodology, as well as the aggregate amounts
and the type of equity investments subject to any
Sl. Amount
Supervisory provisions regarding regulatory capital Particulars
No. (Figure in crore Taka)
requirements.
Total Risk Sensitive
01. 44,981.01
TK. 116.49 crore (Investment in unquoted share Assets
Tk. 931.93 crore × 1.25 Risk weight × 10% Capital Risk Sensitive
02. 25,732.31
requirement) has been assessed against unquoted equity Liabilities
holdings and shown in MCR. Weighted Average
03. Duration of Assets 2.63
6. Interest Rate Risk in the Banking Book (IRRBB)
(DA)
Qualitative Disclosures Weighted Average
04. Duration of Liabilities 2.29
a) The general qualitative disclosure requirement (DL)
including the nature of IRRBB and key assumptions,
05. Duration Gap (DA-DL) 0.43
including loan pre-payments and behavior of
non-maturity deposits, and frequency of IRRBB Assumed change in 1% 2% 3%
06.
measurement. Interest rate Minor Moderate Major
Interest rate risk in the banking book arises from Repricing Impact
mismatches between the future yield of assets and their Changes in value of
funding costs. Interest rate risk is the potential that the bond portfolio -1,044.05 -2,088.11 -3,132.16
value of the on- balance sheet and the off-balance sheet 07.
(Under stress testing)
positions of the bank would be negatively affected with
08. Capital After shock 3,911.39 3,059.83 2,208.26
the change in the interest rates. Changes in interest
09. CRAR aftershock (%) 6.20 4.85 3.50
rates also affect the underlying value of the bank assets,
liabilities and off-balance sheet instruments because 7. Market Risk
the economic value of future cash flows changes when
interest rates changes. Assets Liabilities committee Qualitative Disclosures
(ALCO) monitors the interest rate movement on a regular d) Views of the Board of Directors (BOD) on trading/
basis. investment activities.
• The bank uses a simple Sensitivity Analysis as
Market Risk is the risk that the fair value of future cash
well as Duration Gap Analysis to determine its
vulnerability against the adverse movement of flows of financial instruments will fluctuate due to
market variables. changes in different market variables, namely
• For changes in interest rates, currently, ABL is Interest rate movements; ii) Currency -foreign exchange
more risk sensitive for its Assets comparable to its rate movements; iii) Equity-Stock price movements; iv)
liabilities. Commodity-Commodity price movements
• The Bank is on a continuous process of re The BOD of the Bank views the Market Risk as the risk
-structuring in its assets and liabilities to make a to the bank’s earnings and capital due to Changes in
balance between them and to bring the situation
the market level of interest rates of securities, foreign
back in its favor for any change in interest rate.
exchange and equities as well as the volatilities of
Quantitative Disclosures those changes. Market Risk Management provides a
b) The increase (decline) in earnings or economic comprehensive and dynamic framework for measuring,
value (or relevant measure used by management) monitoring and managing interest rate, foreign exchange
for upward or downward rate shocks according as well as equity risk of a bank that needs to be closely
to management methods for measuring IRRBB,
integrated with the bank’s business strategy.
broken down by currency (as relevant).
Methods used to measure Market Risk
The bank has been exercising ‘Stress Testing’ based on
guidelines published by Bangladesh Bank to determine The Bank uses the standardized (Rule Based) approach
the following: to calculate market risk for trading book exposures

Market Risk Management System If deviations are found, corrective actions are taken to
Decision taken in the monthly meeting of Risk bring the deviation back into the track.
Management and ALCOM is an important tool for
An MIS is in place and is used to identify record and
managing market risk. ALCOM is in place in the bank to
assess any kind of operational risk and to generate
administer the system.
appropriate regular management reporting.
Policies and Processes for mitigating Market Risk Since inefficiency is one of the root causes of operational
The only mitigation tool that the Bank uses is the risk, the Bank trains its operational staff on regular basis
“Marking to Market” for mitigating market risk. Besides, a to make them more effective and efficient for mitigating
set risk/loss tolerance level is in place to mitigate market operational risks. Operational Risk Management
risk. Framework has been designed to provide a sound and
well-controlled operational environment and thereby
mitigate the degree of operational risk.
Solo Consolidated Approach for calculating capital charge for operational
(b) The capital requirements for (Figure in Crore Taka) risk:
Interest rate risk 109.77 109.77 The Bank uses the Basic Indicator Approach to calculate
the capital requirement of its operational risk.
Equity risk 75.15 201.07
Foreign exchange risk 57.60 57.60 Quantitative Disclosures
Commodity risk - -
(b) Capital Requirements for (Figure in Crore Taka)
operational risk:
Particulars Solo Consolidated
8. Operational risk
Capital requirements 488.12 498.17
(a) Views of BOD on system to reduce Operational Risk:

9. Liquidity Ratio
The BOD of the bank views risk as Operational Risk those
arises from inadequate or failed internal processes,
people and systems, or from external causes, whether (a) Views of BOD to Reduce Liquidity Risk:
deliberate, accidental or natural- inherent in all of
Liquidity risk can be defined as the probability of the
the Bank’s activities. The policy for operational risks
bank to meet its financial obligations on account of
management includes internal control and compliance
maturity mismatch between assets and liabilities. The
risk approved by the Board, taking into account relevant
Board of Directors of Agrani Bank Limited always strives
guidelines of Bangladesh Bank. The audit committee
to maintain adequate liquidity to ensure sufficient fund
of the Board directly oversees the internal control and
that is available for bank’s day to day operations as
Compliance activities with the overall object of mitigating
well as investment of excess liquidity in prudent way to
all operational risks.
maximize profit and maintain regulatory requirements.
Performance gap of executives and staffs: The Board of Directors of the bank set policy, different
Performance goals are most often attained by executives liquidity ratio limits and risk appetite for liquidity risk
and staff with a few exceptions. management. Moreover, in every BoD meeting, Treasury
Division places the latest liquidity position of the bank
Potential external events:
before the board to analyze and take decision as per the
No potential external event is expected to expose the liquidity requirements of the bank. Time to time the BoD
Bank to significant operational risk also instruct the management to take effective measures
Policies and processes for mitigating operational risk: to meet the liquidity risk.
The ABL manages this risk through a chain based (b) Methods used to measure Liquidity Risk:
processes which are documented, authorized and
The following tools are used to assess liquidity risks of
independent. Transactions, events etc. that are being
Agrani Bank Limited:
taken place at the operational level monitored and
reported.  Statutory Liquidity Requirement (SLR)

 Cash Reserve Ratio (CRR)  Maturity bucket/profile of cash inflow and outflow
with net deficit or surplus (GAP) is an effective tool to
 Structural Liquidity Profile (SLP)
determine the cash position of the bank.
 Maximum Cumulative Outflow (MCO)
 Structural Liquidity Profile (SLP) is another tool for
 Liquidity Coverage Ratio (LCR) mitigating liquidity risk which is prepared on monthly
basis as per the guidelines of Bangladesh Bank.
 Net Stable Funding Ratio (NSFR)
 Projected foreign currency inflow and outflow is
 Volatile Liability to Total Assets Ratio
useful tool for managing foreign currency liquidity risk
 Risk Sensitive Asset (RSA) of the bank.
 Risk Sensitive Liability (RSL) Action Plan/ Mitigating Policy
(c) Liquidity Risk Management System A. In case of Liquidity shortage
Agrani Bank Limited has a dedicated committee to (i) Short Term Plan
deal with Asset-Liability Management risk, called the  Borrowing short term fund from inter-bank market
Asset Liability Committee (ALCOM) comprising of the  Avail fund from central bank against Repo (ALS) /
senior officials to take important decisions related to Special Repo
liquidity risk management of the bank. The ALCOM
 Collecting short Term Deposit
generally meets at least once in every month and reviews
liquidity requirement, key liquidity ratios, the maturity of  Impose additional charges, commissions and fees in
assets and liabilities, deposit and loan pricing strategy, L/C opening
transfer pricing, sensitivity of assets and liabilities, key  Sell of Govt. Securities
management indicators and overview of the local and  Restriction to purchase of Govt. securities
international market.
 Impose embargo on credit growth
To ensure proper liquidity management the authority of  Deposit withdrawal restriction without prior approval
the bank has set some limits and instruction as follows: of management
 LCR should be at 125% to 250% (ii) Mid Term Plan
 NSFR should be at 103% to 120%  Re-fixing interest rate of deposits & advances as per
liquidity requirements of the bank
 Wholesale Borrowing Limit should be up to 100% of
bank’s eligible capital  Recovery from overdue, classified & written-off loan
 Commitment should be within Limit  Emphasize on export business and inward remittance
flow
 MCO should not exceed total SLR
 Discourage import business and outward remittance
 Prior intimation for withdrawal of deposit
 Avail alternative sources of fund
 Maturity profile of assets and liabilities
 Introducing new attractive deposit products
 Preparing monthly projected cash flows
 Strengthen MIS & Reporting line
 Preparing monthly projected inflow and outflow of
foreign currency B. In case of Liquidity Surplus
(d) Policies and Processes for Mitigating Liquidity Risk:
(i) Short Term Plan
 To develop an extensive liquidity risk management,  Increase investment in interbank market such as Call
Agrani Bank Limited has a useful framework for Money, Reverse Repo etc.
managing liquidity risk under unexpected or unusual
 Investment in Bangladesh Bank Reverse Repo
situations which could lead to market disruption
named the contingency funding plan. Contingency  Increase import business
funding plan helps to manage the routine and  Disburse maximum portion of undisbursed
extraordinary fluctuations of liquidity of the bank commitment
efficiently.  Purchase Govt. Securities

 commitment trade-off the excessive leverage supposed to be caused

 Purchase Govt. Securities by asset growth.
 Lending in short term placement to interbank money (a) Policies and Processes for managing excessive on
market and Off- balance Sheet Leverage
 Expand credit growth The bank reviews its leverage position as per the
(ii) Mid Term Plan Guidelines on Risk Based Capital Adequacy (revised
regulatory capital framework for banks in line with Basel
 Re-fixing interest rate of deposit & advance
III). In addition, the bank prepares a yearly Risk Appetite
 Strengthen MIS & Reporting line
statement highlighting key risk areas including growth of
 Use alternative investment assets size (both on and Off balance sheet exposures) of
 Introducing new attractive advance and loan products the bank with a desired internal appetite/tolerance limit.
 Discourage high cost deposit Bank also formulates Annual Budget Plan and Capital
 Increase investment in commercial paper, Growth Plan in line with capital base, growth prospects
subordinate bond etc. and performance trends for managing excessive on and
off balance sheet leverage.
(Figure in Crore)
(b) Approach for Calculating Exposure
Particulars December, 2020 Leverage ratio is calculated by dividing Tier 1 capital with
Liquidity Coverage Ratio (in %) 357.88% Total exposure. The exposure measure for the leverage
ratio will generally follow the accounting measure of
Net Stable Funding Ratio (in %) 104.29%
exposure. In order to measure the exposure consistently
Stock of High quality liquid assets 30579.37 with financial accounts, bank also makes the following
Total net cash outflows over the next 30 8544.59 adjustments:
calendar days i. On balance sheet exposures are considered for
Available amount of stable funding 87407.95 calculation after netting of specific Provisions,
Required amount of stable funding 83816.38 intangible assets (Software) and Deferred Tax Assets
(e.g. surplus/ deficit on Available for sale (AFS)/ Held-
1. Leverage Ratio for-trading (HFT) positions).
The leverage ratio is introduced into the Basel ii. Physical or financial collateral, guarantee or credit risk
III framework to supplement risk-based capital mitigation purchased is not allowed to reduce on-
requirements to avoid building-up excessive on- and balance sheet exposure.
off-balance sheet leverage in the banking system. iii. Netting of loans and deposits is not allowed.
The leverage ratio is calibrated to act as a credible
supplementary measure to the risk based capital Quantitative Disclosures
requirements. (Figure in Crore)
December, 2020
Qualitative Disclosures Particulars
(a) Views of BOD on System to reduce excessive Solo Consolidated
Leverage Leverage Ratio (in %) 2.44 2.39
The Board of Directors of ABL primarily views on Tier-1 Capital after all
2,728.28 2,675.06
the growth of on and off balance sheet exposures regulatoryadjustments
commensurate with its expected capital growth so
On balance sheet exposure 1,06,499.77 1,06,740.81
that the excessive leverage is reduced. Within the
On -balance components, the Board emphasizes on Off balance sheet exposure 5,450.99 5,450.99
the growth of the prime component i.e. the loans and
Total deductions from On and
advances and maintaining good asset quality so as to 168.68 168.68
Off Balance sheet exposures
maximize the revenue as well as the capacity to generate
capital internally (in the form of retained earnings) to Total exposure 1,11,782.08 1,12,023.12

1. Remunerations Government of the Peoples Republic of Bangladesh
(a) Qualitative Disclosures (c) Qualitative Disclosures

(i) Name, composition and mandate of the main body (i) An overview of the key risks that the Bank takes
overseeing remuneration. into account when implementing remuneration
At the management level, primarily the HR Planning, measures.
Deployment and Operations Division oversee the Agrani Bank Limited follows a uniform salary
“remuneration” in line with its HR management structure for all employee declared by the
strategy/policy under direct supervision and guidance Government of the Peoples Republic of Bangladesh
of Management Committee (MANCOM) of the Bank. (ii) An overview of the nature and type of the key
(ii) External consultants whose advice has been sought, measures used to take account of these risks;
the body by which they were commissioned, and in including risks difficult to measure (values need not
what areas of the remuneration process. be disclosed).
Agrani Bank Limited follows National Pay Scale/2015. Not Applicable
No external advice has been sought for remuneration iii) A discussion of the ways in which these measures
process. affect remuneration.
(iii) A description of the scope of the Bank’s remuneration Not Applicable
policy (e.g. by regions, business lines), including the
iv) A discussion of how the nature and type of these
extent to which it is applicable to foreign subsidiaries
measures has changed over the past year and
and branches
reasons for the change, as well as the impact of
The remuneration policy of Agrani Bank Limited changes on remuneration
in Bangladesh follows National Pay Scale. Foreign
Not Applicable
subsidiaries and branches also follow National Pay
Scale and the policy announced by the Ministry
(d) Qualitative Disclosures
of Foreign Affairs of the Peoples Republic of
Bangladesh. (i) An overview of main performance metrics for bank,
top-level business lines and individuals.
(iv) A description of the types of employees considered
as material risk takers and as senior managers, Individual employee (Excluding Head Office) has
including the number of employees in each group been imposed a yearly target of Deposit Mobilization,
All Branch Manager, Zonal Head, Circle Head and Classified Loan recovery, Fees & commission
Senior Management at Head Office. earnings, increasing Foreign remittance etc. But
the target achievement does not affect in the
(b) Qualitative Disclosures remuneration policy of Agrani Bank limited.
(i) An overview of the key features and objectives of
(ii) A discussion of how amounts of individual
remuneration policy.
remuneration are linked to bank-wide and individual
Agrani Bank Limited follows National Pay performance.
Scale/2015 declared by The Government of the
Peoples Republic of Bangladesh Remuneration is not directly linked to individual
performance as Agrani Bank limited follows National
(ii) Whether the remuneration committee reviewed
Pay Scale declared by The Government of the
the firm’s remuneration policy during the past year,
Peoples Republic of Bangladesh.
and if so, an overview of any changes that was
made. (iii) A discussion of the measures the Bank will in general
The remuneration policy of Agrani Bank limited implement to adjust remuneration in the event that
follows National Pay Scale/2015 from 1st July performance metrics are weak
2015. The Government of the Peoples Republic Not Applicable.
of Bangladesh declared National Pay Scale/15 on
15/12/2015 effect from 1st July, 2015 has also been (e) Qualitative Disclosures
taken as remuneration policy in Agrani Bank limited. (i) A discussion of the bank’s policy on deferral and
iii) A discussion of how the bank ensures that risk vesting of variable remuneration and, if the fraction of
and compliance employees are remunerated variable remuneration that is deferred differs across
independently of the businesses they oversee. employees or groups of employees, a description
Agrani Bank Limited follows a uniform salary of the factors that determine the fraction and their
structure for all employees declared by The relative importance.

The remuneration framework of the National Pay during the financial year. No sign-on award made
Scale describes short term and long term benefits. during the financial year.
Short term benefits include salary, festival bonus
(iv) Number and total amount of severance payments
and incentive bonus as variable payments. Long
made during the financial year. No severance
term benefits include Gratuity, Provident Fund,
payments made during the financial year.
Superannuation Fund and Leave encashment etc.
(i) A discussion of the bank’s policy and criteria for (i) Qualitative disclosure
adjusting deferred remuneration before vesting and Total amount of outstanding deferred remuneration,
(if permitted by national law) after vesting through split into cash, shares and share- linked instruments
claw back arrangements. and other forms. Total amount of deferred
Not Applicable. remuneration paid out in the financial year.
Agrani Bank Limited follows Government

(a) Qualitative Disclosures
remuneration Policy. No deferred remuneration paid
An overview of the forms of variable remuneration during the financial year.
offered (i.e. cash, shares and share-linked instruments
and other forms. A discussion of the use of the (e) Qualitative disclosure
different forms of variable remuneration and, if the Breakdown of amount of remuneration awards for the
mix of different forms of variable remuneration financial year to show:
differs across employees or groups of employees), a
description the factors that determine the blend or Agrani Bank Limited follows Government
and their relative importance. remuneration Policy. No remuneration awards paid
during the financial year.
Agrani Bank Limited follows National Pay Scale/2015
- Fixed and variable.
declared by The Government of the Peoples Republic
of Bangladesh. Not Applicable
(b) Number of meetings held by the main body - Deferred and non-deferred.
overseeing remuneration during the financial year
Not Applicable.
and remuneration paid to its member.
There were 16 (Sixteen) meetings of the Management - Different forms used (cash, shares and share
Committee (MANCOM) held during the year 2020. All linked instruments, other forms).
the members of MANCOM are from the core banking Not Applicable.
area/operation of the Bank. No additional remuneration
(f) Quantitative disclosures
was paid to the members of the Management
Committee for attending the MANCOM meeting. Quantitative information about employees exposure
to implicit (e.g. fluctuations in the value of shares or
(c) Qualitative disclosure performance units) and explicit adjustments (e.g. claw
backs or similar reversals or downward revaluations
(d) Number of employees having received a variable of awards) of deferred remuneration and retained
remuneration award during the financial year. remuneration:
Agrani Bank Limited follows Government Total amount of outstanding deferred remuneration
remuneration Policy. A uniform and coherent and retained remuneration exposed to ex post explicit
remuneration policy exists in Agrani Bank Limited. and/or implicit adjustments.
(ii) Number and total amount of guaranteed bonuses Total amount of reductions during the financial year
awarded during the financial year. due to ex post explicit adjustments.
Performance bonuses/Incentives given: 11260 Total amount of reductions during the financial year
employees (as on 31-12-2019), BDT 108.28 Crore due to ex post implicit adjustments
Number of total guaranteed bonus (festival bonus): 02 Agrani Bank Limited follows National Pay Scale/2015.
(Two)
Not Applicable.
Total amount of guaranteed bonus (festival bonus):
BDT 69.77 Crore Not Applicable.
(iii) Number and total amount of sign-on awards made Not Applicable.

(ii) A discussion of the Bank’s policy and criteria for (i) Qualitative disclosure
adjusting deferred remuneration before vesting and
(if permitted by national law) after vesting through Total amount of outstanding deferred remuneration,
claw back arrangements. split into cash, shares and share- linked instruments
and other forms. Total amount of deferred
Not Applicable. remuneration paid out in the financial year.
(f) Qualitative Disclosures Agrani Bank Limited follows Government

remuneration Policy. No deferred remuneration paid
An overview of the forms of variable remuneration
during the financial year.
offered (i.e. cash, shares and share-linked
instruments and other forms. A discussion of the use (j) Qualitative disclosure
of the different forms of variable remuneration and,
if the mix of different forms of variable remuneration BBreakdown of amount of remuneration awards for
differs across employees or groups of employees), the financial year to show:
a description the factors that determine the mix and
Agrani Bank Limited follows Government
their relative importance.
remuneration Policy. No remuneration awards paid
Agrani Bank Limited follows National Pay during the financial year.
Scale/2015 declared by The Government of the
- Fixed and variable.
People’s Republic of Bangladesh.
(g) Number of meetings held by the main body Not Applicable

overseeing remuneration during the financial year
- Deferred and non-deferred.
and remuneration paid to its member.
Not Applicable.
There were 24 (Twenty Four) meetings of the
Management Committee (MANCOM) held during the - Different forms used (cash, shares and share
year 2021. All the members of MANCOM are from linked instruments, other forms).
the core banking area/operation of the Bank. No
additional remuneration was paid to the members Not Applicable.
of the Management Committee for attending the
MANCOM meeting. (k) Quantitative disclosures
(h) Qualitative disclosure Quantitative information about Agrani Bank

(i) Number of employees having received a variable employees exposure to implicit Limited follows
remuneration award during the financial year. Agrani (e.g. fluctuations in the value of National Pay
shares or performance units) Scale/2015.
Bank Limited follows Government remuneration
and explicit adjustments (e.g.
Policy. No variable remuneration policy exists in
claw backs or similar reversals or
Agrani Bank Limited.
downward revaluations of awards)
(ii) Number and total amount of guaranteed bonuses of deferred remuneration and
awarded during the financial year. Performance retained remuneration:
bonuses/Incentives given: 11330 employees (as
Total amount of outstanding Not Applicable.
on 31-12-2020), BDT 112.89 Crore Number of total
deferred remuneration and
guaranteed bonus (festival bonus): 02 (Two)
retained remuneration exposed
Total amount of guaranteed bonus (festival bonus): to ex post explicit and/or implicit
BDT 66.58 Crore adjustments.
(iii) Number and total amount of sign-on awards made Total amount of reductions during Not Applicable.
during the financial year. the financial year due to ex post
explicit adjustments.
No sign-on award made during the financial year.
(iv) Number and total amount of severance payments Total amount of reductions during Not Applicable.
the financial year due to ex post
made during the financial year. No severance
implicit adjustments
payments made during the financial year.

Economic Impact Report
The prime objective of bank is to ensure optimum value adopted a cluster-based approach for financing cottage,
to depositors, employees, shareholders and the business micro, small and medium enterprises. Total outstanding
strategy is to achieve the target with technology of SME loan in ABL increased to Taka 11275.85 in
based world class and high quality services. The Bank December 2021 from Taka 9,284.53 crore in December
aims at creating value consistent with the highest 2020. Total outstanding of SME loan in banking sector
level of integrity and transparency. Moreover, Bank’s increased to Taka 2, 52,082.09 crore from Taka 2,
ultimate focus has not been building financial value 37,653.44 crore in December 2020. Growth rate of SME
and maximizing profit at any cost, rather creating value loans in ABL was 21.45 percent in December 2021 and
through fair and ethical means and ensures sustainable 8.86 percent in December 2020 and in banking industry
value of all stakeholders. growth rate was percent 6.07 and 8.37 percent in
December 2021 and 2020 respectively.
Deposits and Loans & Advances
ABL’s contribution of deposits among all banks was 7.16 Empower communities through agriculture/ rural credit
percent in December 2021 which was 7.14 percent in ABL disbursed short and long-term credit in agricultural/
December 2020. Growth rate of deposits in banking rural sector during 2021 to create employment
industry in December 2021 was 9.19 percent whereas it opportunities in the fields of crops & fisheries. Total
was 9.50 percent in ABL. ABL’s contribution of loans & outstanding in agriculture sector in ABL was Taka
advances was 4.61 percent in December 2021 which was 2,107.52 crore in December 2021 which was Taka
4.43 percent in December 2020. Growth rate of loans 1,970.25 crore in 2020 showing a positive growth of 6.97
& advances in banking industry in December 2021 was percent. Agriculture and non-farm rural credit in banking
10.69 percent whereas it was 15.11 percent in ABL. industry increased to Taka 47,659.51 crore in December
2021 from Taka 44,089.09 crore in December 2020
Maintaining Liquidity
which showed a positive growth of 8.10 percent.
ABL maintained surplus liquidity throughout the year
2021. Generally Advance-Deposit Ratio (ADR), Maximum Supporting Industrialization
Cumulative Outflow (MCO), Cash Reserve Ratio (CRR) Outstanding of industrial term loans in banking industry
and Statutory Liquidity Reserve (SLR) are used to was 3, 08, 918.45 crore in December 2021 which was 2,
show the liquidity position of a bank. In addition to that 75,311.09 crore in December 2020 showed a positive
Liquidity Coverage Ratio (LCR) and Net Stable Funding growth of 12.21 percent. Outstanding of industrial term
Ratio (NSFR) are also determined to get a view of the loans in ABL was 20643.67 crore in December 2021
liquidity scenario of bank. ADR was percent in December which was 15,546.81 crore in December 2020 showed a
2021 in banking industry which was 59.22 percent in ABL. positive growth of 32.78 percent.
It is mentionable that regulatory limit of ADR is maximum
Serving in international business of Bangladesh
87.00 percent. Both banking industry and ABL were able
to maintain regulatory requirement of CRR (4.00 percent ABL’s Import business in December 2021 was Taka
by-weekly basis) and SLR (13.00 percent). 39,921.82 crore which was 24,873.83 crore in December
2020 which showed a growth of 60.50 percent. Import
Maintaining capital adequacy business of ABL holds 5.66 percent of national import in
Capital adequacy represents the financial strength of 2021 which was 5.48 percent in 2020.
a bank and determines the expansion of business with
respect to the risk-weighted assets. Regulatory capital ABL’s Export business in December 2021 was Taka
requirements prevent bank from expanding beyond 14,765.96 crore which was Taka 10,636.61 in December
quality of assets, control the bank’s leverage to growth 2020 which showed a growth of 38.82 percent. Export
ratio and lead to higher earnings on assets and preserve business of ABL holds 3.94 percent of national import in
the rights of all stakeholders. Bank always monitors the 2021 which was 3.76 percent in 2020.
movement and change of capital and capital adequacy
Foreign remittance business of ABL was Taka 17,961.00
ratio with caution and utmost care.
crore in 2021 which was Taka 21,013.89 crore in 2020.
Supporting the entrepreneurs through SME loans Foreign remittance of ABL holds 9.48 percent of national
foreign remittance in 2021 which was 11.39 percent in
ABL is always engaged for opening the door of success
to many entrepreneurs of the country. The Bank also 2020.

Sustainability Report
2021
Shaping
A Better Future
Contents
Message from MD & CEO 190-191
Key Highlights 192
Sustainability Approach 193-200
Value Added Statement 201
Economic Value Added (EVA) Statement 202-203
Green Banking 204-206
Corporate Social Responsibility (CSR) 207-210
Human Resource Management & Development 211-215
Automation and Digitalization 216-221
Stakeholder Engagement 222-226
Sustainability Scorecard 227

Sustainability
Report
Message from
Managing Director
and CEO
Dear Stakeholders:
Sustainability has become one of the

mainstream considerations in the financial
sector. Bangladesh by its geography is a
highly vulnerable country of climate
change. Recognizing that the financial
sector can play a catalytic role in speeding
up adoption of environmentally friendlier Mohammad Shams-Ul Islam
output practices in the real economy;
Agrani Bank has become role model by
pioneering green banking initiatives.
financing, financial inclusion drives, corporate social responsibility, green banking,
The banking sector is one of the major micro and small enterprise financing along with many steps for financial inclusion
sources of financing industrial projects activities. All of these activities and programs are clearly linked to the UN’s SDGs
such as steel, paper, cement, chemicals, on which Bangladesh is working to achieve by 2030.
fertilizers, power, textiles, etc., which cause
ABL is the first among the state-owned banks who in collaboration with the
maximum carbon emission. Therefore, Mohammad
the Shams-Ul Islam
associated partner ‘DOER’ introduced “Agent Banking” service which accelerates
banking sector can play an intermediary
Managing Director and CEOand secured alternative channel to deliver financial services to
a safe, hassle-free,
role between economic & social
development and environmental the unbanked and under banked population.It marks a significant initiative to
protection, for promoting environmentally promote sustainable banking in Bangladesh. Àgrani Doer Banking’ is serving in
sustainable and socially responsible 400 agent locations under around 279 linked branches. The service will be
investment. introduced immediately in 227 Upazillas as there is no branch of our bank in those
areas.
Sustainable banking is getting momentum
in developing countries and Bangladesh ABL has grown significantly over the years in branch automation. Until the date all
has been one step ahead by initiating 968 branches have been computerized where they are operating under CBS(Core
particular sustainable banking activities in Banking Software). Most of the banking activities are carried out by software's
various fields. As an integral part of such as BACPS(Bangladesh Automated Cheque Processing System),
sustainable banking, sustainable BACH(Bangladesh Automated Clearing House), BEFTN (Bangladesh Electronic
development is directly associated with the Fund Transfer Network), RTGS(Real Time Gross Settlement), inter bank
economic, environmental, and social reconciliation, Nostro accounts reconciliation, consolidation of statements,
aspects.Now I am pleased to present pay-roll of head office employees, inventory management etc. Moreover different
before you “Business Sustainability Report types of in-house web based software's have been made for head office
2021” of our Bank which focuses on the superintendence and for consolidation of various information.Online bill collection
environmental, economic, and social software for BTCL, KGDCL Gas bill, DPDC, SGDCL Gas bill have also been
returns. Through meaningful disclosure, we introduced.To serve customers digitally a mobile app named ‘Agrani e-Account’
seek to monitor, manage and improve our has been developed by experts of IT & MIS division. Along with account opening,
economic, environmental, social and remittance, bkash, cash deposit, EFT, RTGS can be done by the App. In order to
governance performance and impact in make the banking service more paperless, fast and automatic, ABL has begun the
executing our strategy and generating service of ‘Smart Banking App’ with the assistance of ‘DOER’. The initial facilities
sustainable value in the long term. of the App are self-registration, fund transfer, account statement, customer detail,
balance inquiry, transaction history etc. Gradually more facilities will be added in
In Bangladesh, the concept of sustainable future to this App. All these instances of online banking are important elements of
banking is keeping on agricultural green banking strategy of ABL.

Message from
To carry out the green banking activities a green banking committee has been
formed comprising Nine Divisions of Head Office. As a pilot project, Amin Court open a school banking
Corporate Branch of Dhaka has been selected for converting it into a green branch. account under the
Gradually all the branches of ABL will go under green branch system.ABL has supervision of a legal
approved a considerable amount for ‘Green Banking’ in annual budget,which includes guardian or parents by
(1)Budget for Green Finance(2) Budget for Sustainable Finance.ABL has allocated depositing only BDT 100.00.
Tk.8,340.00million for Green Finance and TK.62,550.00 million for Sustainable It resulted in the number of
Finance. school banking accounts
ABL has given preference to eco-friendly business activities and energy efficient reaching 2,63,441 with Tk.
industries. Environmental infrastructure such as renewable energy, clean water 20.28 crore in balance until
supply project, effluent treatmentproject (ETP), solid& hazardous waste disposal December 2021.In addition to
plant, brick fields having Hybrid Hoffman Klin (KHK) technology are encouraged as a increasing deposits through
part of Green Financing practices.Upto December 2021 total disbursement of loans school banking activities
under Green Financing is Tk.793.96 crore.The Environment and Social Management under Bangladesh Bank’s Tk.
Framework (ESMF) has already been developed to ensure that the above mentioned 500.00crore refinancing
financing is sustainable. scheme, steps have been
taken to provide loans to
We are proud of enhancing the degree of our support for SMEs again in 2021
disadvantaged and indigent
through increased lending insectors like agriculture, medium and small
students for economic
manufacturing enterprise. In 2021, we have distributed Tk. 6307.10 crore in SME
development,human resource
sector. In distributing SME loans, ABL holds the top position among the SCBs. ABL
development and
founded a subsidiary named ‘Agrani SME Financing Company Ltd.’ for the welfare
employment of students.
and development of SME sector in Bangladesh. A good number of officers and
executives have been trained on Sustainable and Green Banking from BIBM and We have a responsibility to
ABTI. ‘Sustainable Finance Division’ has circulated so many circulars for our make a difference, working
branches to encourage our customers for adopting green technologies as well as alongside our customers and
measuring environmental risk before financing as per Bangladesh Bank’s guidelines. partners, and the
According to the policy, as on December 2021, total outstanding of ABL’s loans and communities we all serve.
advance under sustainable financing is total Tk. 3227.59 crore. That’s why our sustainability
CSR(Corporate Social Responsibility) is the concept by which business entities can report is more than a set of
balance profit making activities with the activities that give benefits to society as numbers. It is a report card on
well.ABL truly believes that a better society is a prerequisite for a better business the impact we’re making,
environment.ABL’s ethical standard is not meant for maximizing profit; rather its together, and a dashboard of
vision is to build a society where human dignity and rights receive the highest progress in our mission to
consideration and evaluation.In the current year, ABL contributed total Tk.2.02 crore make the country more
under CSR programme in various sectors like education,health, environment, sports, livable and safe for all.Indeed
social welfare, arts & culture etc. all our strategic activities and
goals indicate our inclination
Our motto is ‘To serve the nation’ and we are motivated to do it. ABL has been providing to support government
banking services in 32 projects under the social Safety Net Programmes of the initiatives by upholding the
government worth Tk. 4500 crore approximately every year without taking any charge. agenda ofsustainable banking
Now as Agranian we feel proud to be a part of the epic journey of constructing the throughout the country.Your
‘Padma Bridge’, the largest bridge in Bangladesh.From its sense of responsibility positive outlook reinforced
towards country ABL supplied in total 1.40 billion us dollar to this mega project .To bring our will of dedication to meet
more foreign currencies through banking channel ABL has declared 3% incentives the goal. So let me finish here
which is 0.5% more than any other bank on the amount sent by the expatriates.ABL by thanking you once again
also contributes through substantial financing to the infrastructure development of the for your strong benevolent
country. To implement PPP in Bangladesh for the first time the bank has invested Tk. support towards us,without
500 crore in Gulistan-Jatrabari ‘Mayor Mohammad Hanif Flyover’. which all these achievements
Financial inclusion strives to remove the barriers that exclude people from would not be possible.
participating in their financial sector and using financial services to improve their
lives.With this motto to bring unbanked and under-banked people under the
umbrella of banking services,Agrani bank has taken all-out initiatives to open ‘No Frill
Accounts’ for the farmers, freedom fighter, government allowance taking people,
garments workers, physically challenged people, street urchin, natural disaster
victims, by simplifying the KYC. The Bank has opened 10.00 Tk accounts for more
than 15 lac farmers under this banking inclusion system. Mohammad Shams-Ul Islam
As part of Bangladesh Bank’s drive for financial inclusion, school banking facilities
have been introduced in our bank which allows any student aged up to 18 years to
Creating Sustainable Value through Banking Operation
Key Highlights 2021
Service to Social Safety Net
01 Program with BDT 4,500 crore

(appx) in 32 Program P.A.
Value Addition through Banking
02 Operation
BDT24,690 million
03 Economic Value Added

BDT 3260 million
Contribution to National Exche-
04 quer
BDT 10,842 million
05
Agent Banking Booths 400
Coverage area
62 Districts
Established & Integrated
06 Network
962 Real time online Branches
Deep Pool of Talent and Exper-
07 tise Traning No. of course 131 ,

22,333 Participants, 1,52,072
manhours
08
e-Government Procurement
(e-GP) 962 service providing
Branches
09 Number of customers
1,32,38,630
10 Contribution to CSR
BDT 20 million
11 Financial Inclusion
Number of Accounts 40 million
12 More than
2882 ATMs
13 Green Financing
BDT 7940 million

Sustainability Approach
As a Leading State Owned Commercial Bank, As par the United Nations’ (UN) Sustainable Development
ABL focuses on creating sustainable value for our Goals (SDGs), the Paris Climate Agreement and the
stakeholders and aligning our long-term business recommendations by the Task Force on Climate-related
strategies with their interests. As we continue to Financial Disclosures we determined our ‘Sustainability
intensify and strengthen our presence across the country Strategy’. Our sustainability strategy mirrors our business
and seek to address the environmental, social and approach of balancing growth with stability. It takes
governance (ESG) risks and effects of our operations into account the influence and impacts our decisions
in a manner consistent with our values. This is also in
and actions might have on the industry, society and the
consonance with our commitment to help ensure a safe
environment. It was also formulated to ensure we remain
and credible banking system.
economically relevant through managing ESG risks and
opportunities practically and in line with market realities.
Sustainability Strategy
Just as our business strategy hinges on doing what is right
When making business decisions and developing our for our customers, our sustainability strategy informs our
products and services, we consider our stakeholders’ engagement with our stakeholders and how we can help
expectations in appreciation of what is material to them. them in their own practices for positive outcomes in the
As part of our commitment to sustainable and responsible long run.
growth, we also seek to identify, to assess and to manage
ESG risks, challenges, impact and opportunities.
Sustainability Pillars
Our Develop Strengthen

Sustain Growth Keep Customers
Sustainability Professionals of Community
Responsibly at the Centre
Pillars Principle Bonds
Create sustainable value for our stakeholders
Robust Risk
Management and
Corporate
Established and Deep Pool of Strong
Our Governance;
Integrated Talent corporate
Fundamental Strong Credit
Network and Expertise identity
Strengths Ratings,
Capital and
Funding
Our
Honourable Enterprising United Committed
Values

Corporate Philosophy and Strategic Focus
As a leading State-owned commercial bank, Agrani Bank Limited believes in the philosophy “Triple Bottom Line (TBL)” coined by Elkington, the founder of a British
consultancy called SustainAbility. TBL consists of three Ps: profit, people and planet. ABL always put emphasis on the people of the country, social and environmental
issues and thinks that economic growth is only sustainable if business activities are integrated with social and environmental priorities. In line with this thought ABL’s
sustainability focus is to (i) Creating a sustainable business (ii) Ensuring a fair and law-abiding society (iii) Living within environmental limits.
Corporate
Philosophy
and
Strategic
Focus
1 3
2
Creating a Ensuring a
sustainable fair society
business Ensuring a
fair society Locality and communities
Profitable growth Education and
Investor returns development
Enterprise partners Locality and communities Reducing poverty
Ideal employer Education and Human rights
development
Creativity and innovation Safety and security
Reducing poverty
Business model Efficiency and good
Human rights governance
Efficient processes
Safety and security Privacy and equality
Comparative advantage
Efficiency and good Health and wellbeing
governance
Privacy and equality
Health and wellbeing

Sustainability Objectives
Sustainability Objectives
The UN’s 17 SDGs set the global agenda for sustainable economic, social and environmental development by
2030 and call for action by the public and private sectors. At ABL, our sustainability objectives are as follows:
Sustainability Objective
Keep Customers at the
Centre
Sustain Growth Respon- 1. Introduce technology to Develop Professionals of
sibly make banking simpler, Principle
1. Sustainability risk smarter and safer. 1. Build high-performing
management. 2. Make banking more teams and develop
2. Social and environmen- accessible and inclusive. individuals who are guided
tal considerations in credit 3. Secure our systems and by our corporate values.
evaluation and approval protect customer data and 2. Embrace diverse abilities
processes. privacy and strengths.
3. Develop and provide 3. Develop skills and
sustainable solutions that mindsets for the future.
enable our customers to
make a difference.
Strengthen Community
Bonds
1. Support social development
in the areas of art, children and
education.
2. Encourage sustainable
procurement and supply chain.
3. Manage the impact of our
environmental footprint.

Activities for Sustainability
Activities for Sustainability
STEP STEP STEP

01 02 03
Promoting sustainable Working for ensuring a
society through its Financing environment
banking to reach its long
Deposit services, Agro friendly project for
term objectives to living
credit Rural Credit, SME better future.
within an eco-friendly credit, Foreign remittance
environment. Every service, Agent Banking
decision will be taken on services under Govt.
ABL philosophy. SWWWW Safety Net Program.
STEP STEP
04 05
Backing the society
Ensuring service
providing scholarship
delivery standard for
for Educating, donating
customer satisfaction.
for Art and Culture,
Community Health,
Disaster Management
etc.

Material ESG Factors

As we focus on creating sustainable value for our stakeholders, we assess the ESG matters relevant to the banking
industry, the implications for the Bank and the insights provided by our internal and external stakeholders. Keeping
in mind the significance of the economic, environmental and social impact of our operations and the influence such
impact may have on our stakeholders, we set out the following material ESG factors as follows
Material ESG Factor Our Value Creation Our Goal

Sustain Growth Responsibly
• Maintaining high standards of corporate

governance and a robust risk management
To achieve and retain stable
framework to protect the interests of our
Risk-focused Organizational and sustainable growth through
stakeholders.
Culture informed risk-based
• Remaining nimble to seize business
decisions.
opportunities amid a fast-changing
environment.
To be a responsible financial
• Addressing environmental, social and
Responsible Lending services
governance issues when making lending
provider.
decisions.
• Maintaining sound risk management

systems.
Regulatory Compliance To maintain the highest standards
• Complying with applicable laws, rules,
of professional and ethical behavior.
regulations and standards.
Sustain Growth Responsibly

To create direct and indirect
• Contributing to local economies through
economic value for our
Economic Value of Our taxes, job creation, facilitating trade and
stakeholders.
Contributions industries
Keep Customers at the Centre
Customer Experience • Treating customers fairly based on the

To keep the customers’ interests
principlesof integrity, trust
Cyber security, Fraud Prevention •Protecting our customers from cyber To uphold our role in maintaining
and Anti-money Laundering threats through robust risk a secure and trusted banking
management systems and processes environment.

Material ESG Factor Our Value Creation Our Goal

To ensure that technology
• Making banking simpler, smarter and
enhances our people and service
safer
Digital Transformation capabilities as we deepen our
for our customers through innovation and
culture
technology.
of innovation and enterprise.
Develop Professionals of Principle
• Treating our colleagues with care and

Attracting, Developing and To develop valuable and meaningful
respect.
Retaining Talent careers for our colleagues.
• Investing in training and career
development for our colleagues.
Develop Professionals of Principle

• Hiring from diverse cultural backgrounds,
Diversity and Inclusiveness
age groups, gender and abilities. To champion more inclusive society.
To ensure the physical, mental and

Workplace Safety, Health and • Providing our colleagues with a conducive
social welfare of our colleagues.
Well-being work environment.
Strengthen Community Bonds
• Supporting social development in the

To strengthen our social fabric
areas of art, children and education.
through community-building
Social Impact
and helping individuals and
• Encouraging innovation and enterprise,
organizations realize their potential.
and nurturing start-ups and small- and
medium-sized enterprises.
To ensure that banking services

• Making banking services and products and products are available
Access to Financial Services
accessible to target segments of society to through our comprehensive and
meet their needs and expectations. diverse network of touch points.
• Adopting zero-tolerance approach to To help build a more transparent

Anti-corruption bribery and corruption, and ensuring and accountable global economy.
transparency andaccountability.
• Managing our resourceswisely by saving To play our part in reducing climate

Environmental Footprint
energy, reducing carbon emissions and change.
resource consumption, and minimizing waste.
•Adopting sustainable procurement

Sustainable Procurement To purchase from local suppliers
practices

Customers
Customers
We are committed to acting in the best interests of our clients and customers, and to helping them meet their financial,
business and lifestyle goals by providing the most appropriate solutions and services that suit their needs. As we
harness technology to make banking simpler, smarter and safer for our customers, we also ensure that every digital
experience is wrapped in the warmth of the human touch.
Our Customer Commitments

We are guided by four customer commitments built on our values of being Respectable, Enterprising, United and
Committed.
Honorable
Treat You Fairly
We maintain the highest professional and ethical standards in all our dealings with our customers. We nurture
uncompromising discipline, clarity and courage to do what is right for them and to make every decision in their best
interest.
United
Know You Personally

We learn our customers’ preferences and know what
matters to them in every interaction. By understanding
them better, we anticipate our customers’ needs and
offer them the most relevant financial solutions.
ABL is always conscious to employee commitment
Enterprising
Provide You with the Right Solution
We draw on our experience, insight and entrepreneurial spirit to provide our customers with solutions that help them
achieve their financial goals and aspirations and manage their daily and future requirements, however simple or
complex.
Committed
Be There When It Matters
We always stand by our customers and this is enabled by our long-term business approach, strength and stability.

Colleagues
Colleagues
The decisions we make and the actions we take are guided by our values of Honour, Enterprise, Unity and
Commitment. This is also expressed in how we care for the professional and personal development of our
colleagues across the organization. We are dedicated to building a culture where our colleagues are empowered
to make a positive and meaningful difference in what they do for our internal and external stakeholders. We do
this by fostering an inclusive, prudent, progressive and high-performing organization that encourages the best
of each individual from our team of principled professionals.
Our Employee Commitments

Our values give us a shared sense of identity and belonging, and our four employee commitments encourage us
to keep raising the standards of our behavior and performance in service of our customers.
Honorable
Do What is Right
We do what is right for all of our stakeholders and make decisions that are in the best interests of our
organization, our people and our customers.
United
Make a Real Difference

Our unwavering commitment to upholding
the ABL’s corporate values is reflected in how
passionately our colleagues serve our customers
and our communities. We are here to make a real
difference to shape our future and to add value to
the lives we touch.
We value the opinion of our customers
Enterprising
Build Meaningful Careers

We encourage enterprise and ambition at all levels. We believe in bringing out the best innate in every staff
member through professional development and empowering employees to take ownership of their career
paths.
Committed
Lead by Positive Example

Our leaders act as role models. They guide teams to take up challenges and to take ownership of their actions.
We focus on enabling the success and advancement of individuals as well as teams.

Value Added Statement
Value Added Statement
To meet certain obligations, the value created by ABL through operational activities and how it was distributed among
stakeholders of the Bank is reflected through the value-added statement. A portion of added value has also been
retained in the Bank for future investment and expansion.
Value Added 2021 % 2020 %
Operating revenue 6,662.17 5,560.35

Cost of borrowing (4,265.67) (3,140.00)
Provisions 481.42 432.66
Operating expenses excluding Staff cost and Depreciation (408.89) (470.65)

Total 2,469.03 2,382.36
Distribution of value addition
Employees as remuneration 1,176.94 48% 1,155.77 49%
Government 89.22 4% 120.42 5%
Total 1,266.16 51% 1,276.19 54%
Retained earnings brought forward from previous years 1,100.32 45% 851.26 36%
Deferred Tax (60.00) (2%) 123.19 5%
Depreciation 162.55 7% 131.72 6%
Amount Distribution 2,469.03 100% 2,382.36 100%
Value Created per Share (BDT)

Number of employees at the end of the year 10750 11389
Value created per employee (Crore BDT) 0.23 0.21
Number of Share (Crore) 20.72 20.72
Value Created per Share (BDT) 119.14 114.96
7%
Distribution of Value Addition
)%
(2-2%
7%
66%
% 48
5% %
48 Remuneration to Employees
%
4499%
Government
%
Retained earnings brought forward

36 5%
36
from previous years

4
%
Deferred Tax
5%
5%
Depreciation
4%
4% 2021
2020

Economic Value Added (EVA) Statement
Economic Value Added means a value-based financial BDT in Crore

performance measure which reflects the absolute Particulars 2021 2020
amount of shareholders’ value created or affected during
Shareholder's equity at the year end 4,057 4,080
each year. It provides a parameter of a bank’s economic
Accumulated provision for doubtful losses 481 433
success or failure over a period of time. Such a yardstick
is useful to investors who wish to place confidence Equity 3,576 3,647
with the Bank to retain their fund for better earnings
as compared to other similar Banks or companies. Average Equity
Economic value added is calculated by taking a bank’s Average Equity is calculated by averaging opening and
net operating profit after tax, subtracting from it, the closing equity of a year
cost of average equity. EVA is calculated by applying BDT in Crore
following formula:
EVA = (NOPAT – Cost of average equity) Shareholder's equity 3576 3647
NOPAT Average equity 3612 3691

NOPAT is the net operating profit after tax which is
Cost of Equity
calculated by deducting the income tax expense from
operating profit. Cost of equity reflects shareholders’ expected return.
BDT in Crore Eventually this is the opportunity cost for investing their
funds in the company. Interest on 5 years Government
Treasury Bond plus standard risk premium has been
Operating income 2,397 2,420 assumed to be cost of equity.
Operating expenses 1,748 1,758
Operating profit 648 662
Interest rate on 5 years
Income Tax 29 244
Government Treasury Bond as on
NOPAT 619 419 31 December 6.20% 6.86%
Standard Risk premium 2.00% 2.00%

Equity
Shareholder’s equity is the total amount of equity at the Cost of equity 8.20% 8.86%
year-end plus accumulated provision for doubtful losses.
8.20% 21 15.51
293
619
323 419 Economic Value
326
4.54 NOPAT
8.86%
95
Cost of average equity

21
Average shareholders’ equity
Cost of Capital
EVA
Number of Shares (in Crore)
Economic Value Added per Share
369
1
361 2021
2
2020

Economic Value Added amount equal to Tk. 1,084.16 crore and Tk. 877.22 crore
We repeat for emphasis that cost of equity reflects respectively in 2021 and 2020. This reflects its fair and
shareholders’ expected return. Eventually this is consistent commitment towards national contribution.
the opportunity cost for shareholders’ for investing BDT in Crore
their funds in the company. Interest rate on 5 years
Government Treasury Bond plus a standard risk premium Particulars 2021 2020
has been assumed to be cost of equity. AIT (Withholding Tax) 108.30 70.05
Payment of tax on Bank’s income 251.95 213.44
Particulars 2021 2020 Tax on staff salaries deducted and deposited 10.00 2.40
NOPAT 619 419 TDS of interest on deposit 427.62 414.91
Cost of average equity 293 323 VAT deducted source and deposited 120.01 101.66
Average shareholders' equity 3612 3691
Excise duty deducted and deposited 166.28 74.76
Cost of Capital 8.20% 8.86%
Total 1,084.16 877.22
EVA 326 95
Sustainable Finance scenario of Agrani Bank Limited:
Number of Shares (in Crore) 21 21
According to the policy up to December 2021 total
Economic Value Added per Share 15.51 4.54
outstanding of ABL’s loans under sustainable financing is
The Bank’s overall objective is to deliver optimum as follows:
value to our depositors, employees, shareholders and
Outstanding
our business strategy is to gear up towards achieving
this. This section covers the value we deliver to our Sectors Amount (In Amount (In
lac Tk.) lac Tk.)
shareholders and the nation at large. (2020) (2021)
Green Finance
74578.47 87615.92
The Bank’s policy has been to deliver the best possible
value in a manner that is consistent with the highest Sustainable Agriculture - 210752.30
level of fairness and transparency. For the Bank, it has Sustainable Linked
Sustainable CMSME - 20626.00
not been a case of building financial value and increasing Finance
Socially Responsible
profit at any cost, but rather participating in a process of Finance
- -
creating value through fair and ethical means. Building Other Sustainable linked Finance - 3764.74
sustainable value of all stakeholders is an important goal
Total - 322758.96
of the Bank.
Green Banking
Contribution to the Government Exchequer
The Government is the most important stakeholder Global warming also called Green House Effect is Global
that plays a critical role in the economic development warming also called Green House Effect is a universal
of the country. Being a legitimate and ethical entity,
issue that calls for an effective global response that
ABL contributes to the National Exchequer when it is
necessary, such as deducts income tax, value added is found responsible for alteration of balance in the
tax and excise duty at source as per law from various environment and climate change. In line with global
expenditure, interest on deposit and banking services development and response to the global warming,
and deposited to the Government Exchequer. ABL Green banking plays significant roles. The term Green
also deducted AIT and deposited to the Government
Banking has gained popularity all over the world in
Exchequer on behalf of its employees. ABL made a
handsome contribution to National Exchequer of an recent times. Green Banking is operation of banking
1,200
National Exchequer
1,084
AIT (With holding Tax)

1,000
877
Payment of tax on Bank’s income
800 Tax on staff salaries deducted and deposited
TDS of interest on deposit

600
428 415 Vat deducted source and deposited
400 Excise duty deducted and deposited
252 213
166 Total
200 108 120 102
70 75
10 2
0
2021 2020

Green Banking
Green Banking
banking policy, Green banking unit, Allotment of fund

in green banking, Funds for green financing, Mobile
banking, On line banking, Internet banking, Green banking
budget, Environmental risk rating, Effluent Treatment
plant (ETP), ETP related project.
ABL’s Green Banking Initiatives
As per Bangladesh Bank’s policy guidelines for Green

Banking, ABL has formulated and adopt Green Banking
policy and strategies. In this regards ABL issued some
important Green Banking related circulars.
activities while giving special attention to social, Green Banking Structure: As per Bangladesh Bank’s
ecological and environmental factors with the aim of policy guidelines for Green Banking, ABL has already
the conservation of nature and natural resources. Green taken necessary steps to implement the 1st phase, 2nd
Banking is defined as promoting environmental-friendly phase and the 3rd phase to implement environmental
practices and reducing your carbon footprint from your friendly banking activities to carry out Green Banking
banking activities. Green Banking thus involves a two activities ABLs organizational structure is as follows:
pronged approach. Firstly, Green Banking focuses on
the green transformation of internal operations of all Green Banking
banks. It means all the banks should adopt appropriate Committee
ways of utilizing renewable energy, automation and
other measures to minimize carbon footprint from
Green
banking activities. Secondly, all banks should adopt
Banking
environmentally responsible financing, weighting up Structure
environmental risks of project, before making financing
decisions; and in particular supporting and fostering
growth of upcoming green initiatives and projects. Green Banking
Division
Generally Green Banking coverage includes: Sustainable
banking, Ethical banking, Green mortgages, Green loans,
1. Green Banking Committee
Green credit cards, Green savings accounts, Green
With a view to execute the program, a Green Banking
checking accounts, Green money market accounts,
Committee has been formed comprising nine divisions
Mobile banking, online banking, Remote deposit, Waste
of head office. These divisions are: Rural Credit Division,
Management, Roof Gardening and Green Financing.
Industrial Credit Division, SME Credit Division, Card
Bangladesh Bank has been helping the Government Division, Credit Policy and Credit Risk Management
in implementing the provisions of key environmental Division, Central Accounts Division, Information
regulations related to the financial sector. From time to Technology and MIS Division, Planning Coordination
time Bangladesh Bank has been issuing environment and Marketing Division, HR Training Research and
related circulars and guidelines. Especially, their development division.
circular on ‘Policy Guidelines for Green Banking’ in
2. Formation of Green Banking Division
2011 is a remarkable step on the way to developing
Green Banking practices in the financial sector of Agrani Bank Limited started its Green Banking activities
Bangladesh. A separate guideline on ‘Environmental in the year 2011 by forming a ‘Green Banking Unit’ under
Risk Management’ by Bangladesh Bank is also in place. its Rural Credit Division. From 9th September 2013, it has
In addition, Bangladesh Bank authority introduced been upgraded into a separate and independent division
refinancing schemes and major activities under the named as ‘Green Banking Division’. As a good corporate
Green Banking for getting the scenario of that; Green citizen, ABL is upholding environmentally responsible

Green Banking
Green Banking
practices through designing its’ CSR (Corporate Social Risk Rating) in the overall credit risk methodology to
Responsibility) activities into green banking practices. ensure required justice to the project/business deal.
As per instruction of Bangladesh Bank, Green Banking Budget Allocation
Division is renamed as sustainable Finance Division on ABL has approved a considerable amount for Green
26/02/2017. The bank has already launched several banking in their annual budget, which will include (a)
green financial products to facilitate an eco-friendly Budget for Green Finance (b) Budget for Sustainable
financial atmosphere in the country. ABL is going ahead Finance. ABL has allocated Tk. 8340.00 million for
with a forward looking green banking strategy. The Green Finance and Tk. 62550.00 million for Sustainable
Division has taken the following effective measures Finance.
in order to carry out green banking activities as per
(BDT in million)
Bangladesh Bank’s guidelines.
Year Budget Disbursement
2.1. Set-up of Green Branch
2014 500.00 28.42
As a pilot project, Amin Court Corporate branch of Dhaka 2015 500.00 143.15
has been selected for converting it into green branch.
2016 500.00 147.73
Gradually all the branches of ABL will go under green
2017 500.00 90.27
branch. Three branches of maize development project
2018 500.00 40.24
in the districts of Dinajpur, Bogura and Thakurgaon have
2019 500.00 40.97
been surveyed for the purpose of converting them into a
2020 500.00 7117.27
green branch.
2021 8340.00 7,939.60
2.2. Green Office Guideline
Green Finance
To adopt and follow in-house green activities by all ABL have given preference to Eco-friendly business
employees of ABL, ‘Green Office Guideline’ is issued and activities and energy efficient industries. Environmental
distributed to all its offices and branches. This would infrastructure such as renewable energy, clean water
enable the staff-members of ABL for efficient use of supply project, Effluent Treatment (ETP) and project with
electricity, fuel, water paper and to reuse of equipments. ETP, solid & hazardous waste disposal plant, bio-fertilizer
plant, brick fields having Hybrid Hoffman Kiln (HHK)
In-house green activities or Environmental Management:
technology are encouraged as a part of green financing
A number of initiatives have been taken for in-house practices.
environment management defining the clean indication
Up to December 2021 total disbursements of ABL’s loans
for maintaining a green office. The following initiatives
under green financing in different sectors are as follows:
are taken in this regard:
(BDT in Lac)
01. Use of paper on both sides for internal use.
Disbursement
02. Use of online communication in the best possible Sectors
manner. 2021 2020
03. Using more daylight instead of electric lights and 1. Solar Home System 276.35 274.05
proper ventilation in lieu of using air condi-tioning.
04. Use of Eco Font for printing light impression on both 2. Easy Bike 405.05 -
sides of the paper.
3. Bio Gas Plant 338.76 334.52
05. Vedio/Audio conference in lieu of physical travel.
06. Efficient use of printer cartridges, photocopy toner, 4. Hybrid Hoffman Kiln(HHK)/Tunnel. 3,019.47 2,658.75
office stationary, etc. 5. Varmi-compost 91.41 87.06
07. Sharing e-mail instead of paper memos(save paper
save trees) 6. ETP 865.10 599.00
08. Use of solar energy/renewable energy sources 7. Green Industry 62,468.25 8,699.81
09. Developing Green Office Guide for reducing the
8. Improved Rice Parboiling System 5,959.57 2,148.16
information gap/reducing hazards/increasing efficien-
cy/awareness/reducing pollution/developing green 9. Eco-tourism project 781.00 390.00
banking for sustainable financing.
10. Recycling & Recyclable Goods 4,834.00 4,834.00
• Incorporation of Environmental Risk in Core Risk
Management (CRM) 11. Concerning Factory working environment 204.00 51,147.32
According to the ERM guidelines of Bangladesh Bank 12. Fish Cultivation in Cage 1.00 -
ABL also incorporate environmental risk in the Core Risk 13. Cottage Industry 152.00 -
Management (CRM) considering EnvRR (Environmental

Green Banking
Green Banking
Roof Top Gardening (RTG) Present scenario of Green Financing

Due to unplanned urbanization and excessive/extreme The implementation of green banking in Bangladesh is
construction of high-rise building the open space is still in an elementary stage. Banking sector has been
declined, the cultivated/fertile land is reduced, green facing a number of challenges in implementing this.
trees are vanished and the ultimate result is the rise of Some of the challenges are due to the developing nature
temperature. Unfortunately, the result is the temperature of the country and include the lack of enforcement of the
of urban area which is more than 8º C from the rural area. environmental laws, inability to adopt modern technology
It is seen from a research that by introducing of RTG the from the traditional ones, shifting red industries such as
temperature can be reduced approximately 2ºC to 3ºC. tanneries, pharmaceuticals, chemicals to appropriate
The main objectives/aim of RTG is not only trim down the location, unawareness of the end users etc. Besides,
temperature but also utilize the barren or open space of as a developing country we do not afford to adopt
roof, produce and acquires fresh or formalin free fruit & modern technologies abandoning the technologies
vegetable and the remaining/additional portion of that currently in use. The consumer group in Bangladesh
production can be traded/sold for growth/improvement is very vulnerable. They are mostly unaware of green
of socio-economic condition. Under different innovative practices and are hesitant to pay extra for cleaning up
program regarding green product, RTG loan program industrial hazards. Some challenges are banking sector
have been launched to build a healthy environment. The specific and include the reluctance of bank board of
highest loan celling under this program is TK. 2.25 lac directors and top management; lack of awareness and
and the rate of interest is 9% per annum. motivation to formulate policy documents, strategic
Online Banking plan, sector specific environmental guidelines, lack of
technical hand/skilled manpower in formulating green
All the branches of ABL have now internet connectivity
policies, strategies and other documents etc.Most
which enables the Bank to avail easy use of BACPS
of the directors and senior people of the bank do not
(Bangladesh Automated Cheque Processing System),
have right attitude and understanding of the concept
BACH (Bangladesh Automated Clearing House) &
of green banking. They generally want to perform their
BEFTN (Bangladesh Electronic Fund Transfer Network).
responsibility simply by taking environmental clearance
Online banking is an important element of green banking
certificate which is not an effective measure in most of
strategy of ABL which is being started in the bank from
the cases.
1st July 2010. Total number of online branches in ABL is
now 962. The Disbursement, Recovery and present outstanding
position of green finance of Agrani Bank Limited upto
Green Marketing 31st December, 2021 are as follows:-
ABL is marketing products and services based on Figure in Lac
environmental factors or awareness. Presently we are Disbursement Recovery Outstanding
advertising our product, notice, circular etc. through Sectors
Amount Amount Amount
internet media. 1. Solar panel 276.35 226.33 94.54
Green Awareness and Training 2. Bio Gas 338.76 193.27 62.41

A good number of officers and Executives have been 3. Easy bike 405.05 367.86 48.63
trained on Sustainable & Green Banking training
programs held in BIBM and ABTI. Persons who are 4. Hybrid Hoffman
3019.47 612.09 2979.73
Kiln Brick field
directly involved in developing ‘Sustainable Finance
Policy’ are invited to train our officials so that they can 5. Vermi-compost 91.41 86.36 11.17
clearly understand the concept.
6. ETP 865.1 0 936.50
This Division has circulated so many circulars/ 7. Improved Rice
instructions for our branches to encourage our 5959.57 79.72 6655.22
Parboil-ing System
customers for adopting green technologies as well as
8. Recycling Product 4834.00 1520.88 4475.94
measuring environmental risk before financing as per
Bangladesh Bank’s guidelines. 9. Green Industry 62468.25 2156.53 71285.27
Climate Risk Fund 10. Workpalce Improvement 204.00 134.71 122.83
A climate risk fund of Tk.4 crore has been created at 11. Eco Tourism project 781.00 0 910.81
a lower rate of interest/without interest to assist two
12. Fish Cultivation in Cage 1.00 0.15 0.87
types of projects one is to assists projects which might
be affected due to natural calamities and the other is to 13. Cottage Industry 152.00 0.03 32
promote the projects like forestry, embankment, pure
Total 79395.96 5377.93 87615.92
drinking water etc.

Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) has become a key initiatives and an essential tool for the development of the
developing countries of the world throughout the globe, which ultimately reflects through its initiatives towards
the betterment of the disadvantaged people of a society. Bangladesh Bank officially started encouraging towards
mainstreaming CSR in Banks and financial institutions of Bangladesh to achieve Sustainable Development Goals
(SDGs).The objectives of SDGs are to transform our country No poverty, Zero hunger, Good Health and Well-being,
Quality Education, Gender Equality, Clean Water and Sanitation, Affordable and Clean Energy, Decent Work and
Economic Growth, Industry; Innovation and Infrastructure, Reduced Inequality, Sustainable Cities and Communities,
Climate Action.
ABL truly believes that a better society is prerequisite for a better business environment. To build a better society
ABL’s ethical standard is not only meant for maximizing profit, rather its vision is built up society where human dignity
and rights receive the highest consideration and evaluation.CSR is the idea by which business can balance profit
making activities with activities that give benefits to the society. It involves developing business with a positive
relationship to the society in which they operate.A dedication to social responsibilities can actually turn into profits, as
the ideas inspire investors to invest and consume to purchase goods and services from the company. Put simply, social
responsibility helps companies to develop a good reputation.To provide CSR facilities (Financial help) ABL always give
emphasis/preference on prioritized sector such as some special community or group (the people who are physically
disabled, deprived and lagged behind, affected by natural calamities, meritorious but poor), some areas (poverty
reduction, human resources development, expansion of education, health & treatment, establishment of ‘Day Care
Center’), expansion of history, culture, tradition, sports and special attention to protect environment.
Safety Net Program

To support the poor and vulnerable, the government of Bangladesh implements a number of public social safety net
programs. As a state owned Bank, Agrani Bank Limited provide various activities under this program without service
charge/commission.
Agrani Bank’s service to Safety Net Program
Year-wise Contribution
Category Total
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Education 251.11 281.18 143.31 102.86 - 1.00 - - -- 24.85 120.55 924.86
Health & Care 86.40 85.32 154.04 37.27 103.00 - - 2.00 75.00 4.88 547.91
Disaster 2.00 14.19 262.15 151.08 174.33 225.62 - - - 0.25 - 829.62

Relief
Environment 4.00 7.00 80.50 80.51 - - - 55.00 - 1.00 228.01
Sports 25.00 21.15 76.90 119.61 - - - - 5.00 2.00 249.66
Arts & Culture 63.70 48.45 39.06 39.20 - 2.50 - - - - - 192.91
Social Welfare - - - - - 2.47 - - -- 42.00 - 44.47
Others 140.62 75.69 81.19 115.02 39.18 13.52 - 12.60 10.80 10.80 499.42
(Day Care) (Day Care)
Special CSR - - - - - - - - - - 62.78 62.78
Total 572.83 532.98 837.15 645.55 316.51 245.11 - - 69.60 157.90 202.01 3579.64
Contribution
Bangladesh is poised to move gradually from social safety net programs to social security programs as well. This is
because of opportunities emanating from continuing economic growth and increasingly positive democratic political

environment. Agrani Bank Limited works to ensure Healthcare

smooth unfolding of a comprehensive social protection
Access to healthcare facilities is one of the fundamental
system in Bangladesh.
rights of every human being. However, most of our people,
Education especially the underprivileged group has little or no access
to health care facilities. ABL is committed to assist those
ABL has been donating a sizeable amount of fund to
poor people who have no way to secure basic treatment.
various educational institutions for the last couple of
years. These helps were extended for renovation or
construction of building/class rooms of different schools,
colleges, universities, libraries etc.; giving stipend to the
poor meritorious students; sponsoring various seminars,
conferences, convocations, alumni, anniversaries, drama
festivals, competitions, training programs; observing
important national days etc. With a view to providing a
smooth interface between student life and professional
life, ABL offers internship facility to the BBA and MBA
passed students of different universities. The interns
were granted the opportunities to groom with us in a
truly professional, dynamic and challenging corporate ABL Provides safety kits to nurses of Sir Salimullah Medical College
Hospital
environment. ABL has been awarding “ Agrani Bank Gold
Medal to Rajshahi University brilliant students Disaster Relief
ABL’s lending policies with one environmental
ABL’s lending policies with regard to environmental
management are responsive to emergency support
needs of people affected by natural and manmade
disasters.
Concern for the Environment today our planet is exposed

to a severe environmental catastrophe than ever
before. ABL’s corporate social responsibility contributes
generously to the development of Green Banking.
Protection and nourishing the environment is part of
ABL’s investment principle. Environmental issues are
taken into account while the Bank is assessing credit
proposal for the industrial projects. As a humble effort
Honorable MD & CEO is handing over Key of Microbus to Jagannath to reduce environmental pollution, the Bank is financing
University Authority CNG refueling stations. Besides, most of office vehicles
of the Bank have already been converted to CNG fueling
system.
Daycare Center
The BB issued a circular and guidelines to managing Concern for Environment
directors and chief executive officers of all banks asking
them to set up day-care center in a place solely or jointly so Sports
that the children of the banks’ employees could be grown Since inception the Bank has been continuously providing
up with proper physical and mental support. According to support to the football and hockey clubs and tournaments
the circular, employees of all banks irrespective of gender for the promotion of games and sports of the country. ABL
can avail the services of the daycare centers. As per has its own football team that has been participating in the
national football league relentlessly since independence.
Bangladesh Bank circular, state owned 5 banks (Agrani
In several times the team defeated renowned clubs of the
Bank Ltd, Sonali Bank Ltd, Janata Bank Ltd, Rupali Bank,
country like Mohammedan, Abahone, and Brothers Union
BASIC Bank Ltd) has been operated a day care center etc. The Bank has been able to build a competent cricket
since 2015. Agrani Bank Limited has been paying its team of its own that has been participating in the First
monthly operation cost from its CSR fund. At present 44 Division Cricket League since independence. 2020 -2021
children (including 22 children of officers / employees of cricket season ABL Cricket Team has been promoted to
Agrani Bank Ltd.) are receiving services from the daycare Premier Cricket League by securing champion position
center.

in First Division Cricket League and also get champion in Poverty Alleviation
T-20 cricket. A good number of cricketers and footballers It is globally accepted that the Non-Government
are playing in the national and international levels who Organizations (NGOs) have been performing a laudable
were once member of ABL sports team. role in poverty alleviation across the world, especially
in Bangladesh. With a view to widening the access to
finance to the poor and ultra poor community, ABL has
been financing NGOs since 1997 at privileged rates of
interest. ABL financed NGOs are of various categories
and capacities. Such activities also contributed to
generation of income and employment as well.
Promotion of Crop Production
To attain food security of the country, ABL has been in a
unique position to provide credit facilities to the farmers at a
lower rate of interest since 1977. A huge amount of foreign
currency is spent every year to import pulse, oil-seeds,
Agrani Bank Cricket Team becomes Champion in First Division
ginger, spices, maize etc. In order to save foreign currency,
Cricket League 2021
the Government of Bangladesh encourages our farmers
Agrani Bank Limited is always committed to enriching to boost up the production of above crops by introducing
Bengali heritage, art, culture and literature. In the rebate rate of interest at 4 percent which is considered the
previous years the Bank contributes to different lowest rate of interest among any credit facilities.
programs and purposes relating to different cultural
Promotion of Entrepreneurship
affairs. From 2011 onward, ABL is sponsoring children
The Bank envisages fostering entrepreneurship among
book fair at the Bangladesh Shishu Academy premises. In
the potential, new and small entrepreneurs and generating
every year, seven eminent writers were awarded Agrani
employment through financing Small and Medium
Bank Children Literary Award; a prestigious literary award
Enterprises. Keeping the aim in mind, ABL does not run
of the country introduced by ABL since 1981 and is being after the so called blue chips towards profit maximization
offered every year. of the Bank. Rather, it always remains stick to the triple
bottom line: People, Planet & Profit and focused to the
promotion of SMEs. In this way, a lot of entrepreneurs have
grown with us through which employment opportunities
are created for a huge number of people.
Women Empowerment
As half of our population is female, a sustainable national
progress can’t be attained if women are left aside.
Therefore, they should progressively be brought to the
mainstream of our development activities. Considering
this reality the Bank through its ‘Nari Agrani’ program has
been mobilizing credit facilities in industry, service and
business sector to the potential women entrepreneurs
at a reduced rate of 9 percent interest. ABL’s program for
Celebration of Birth Anniversary of the Father of the Nation & the woman entrepreneurs will gain usual momentum in
National Children day 2022
the days to come.
Customers and Well-wishers
ABL feels proud to provide services to the valued Awareness Building
customers without any hidden cost. The Bank serves the Generation of awareness is a very useful tool to combat
customers as business partner. The Bank sincerely strives social evils, like drug addiction, smoking, pollution,
to improve business relationship with the customers for terrorism, over population etc. For this purpose, the
common benefit. By optimising financial performance at Bank has continued financial support to different social
organizations who displayed banner, festoon, sticker,
the least cost the Bank protects the interest of customers.
display board and use such other communication
The Bank is maintaining a good relationship with the peer
channels for discouraging drug, smoking, pollution,
business friends for mutual growth and development. population growth etc.
The relationship with our business partners is based on
reciprocal trust and respect. We transact with them in a Other CSR Activities
fair and transparent way. Agrani Bank Limited is always attentive to attain more

and more good corporate attributes. So, apart from

the exposures mentioned above, ABL’s CSR disclosure
includes multi-faceted social activities. ABL has also
been indirectly contributing to CSR activities.
To support the poor and vulnerable, the Government of

Bangladesh implements a number of public social safety
net programs.
As a state owned Bank Agrani Bank Limited provide

various activities under this program without service
charge/commission which information’s are given below:
A snap of Account opening of street children
Bangladesh is poised to gradually move from social
safety net programs to social security programs as
well. This is because of opportunities emanating from Financial management is the process by which money is
continuing economic growth and increasingly positive raised and used in the economy. An improved inclusive
democratic political environment. Agrani Bank Limited financial system not only speeds up the process
works to ensure smooth unfolding of a comprehensive of acquiring and using resources but also arranges
social protection system in Bangladesh. financial services for those who need financial services.
Financial Inclusion It facilitates investment flow, investment, especially
in the expansion of small and medium enterprises,
Financial inclusion refers to efforts to make financial creates employment opportunities, ensures economic
products and services accessible and affordable to all
and financial stability through risk reduction and
individuals and businesses, regardless of their personal
net worth or company size. Financial inclusion strives helps alleviate poverty. From an effective and well-
to remove the barriers that exclude people from managed financial system, it is possible to empower the
participating in the financial sector and using these economically and socially, especially the poor, by
services to improve their lives. It is also called inclusive
finance.
Information on Financial Inclusion Activities (Based on 31-09-2021

(Figure in crore)
target for 2021 Outstanding

Sl. no Account Title
account no
Achievement % of Achievement
account no amount
School banking
01 Account
12000 12068 100.15% 262053 11.29
Special Beneficiaries
02 account
3701102 553.68
Street children Ranked 1st among

03 account commercial banks in 2019
9760 0.01
Information on Refinancing Scheme under Financial Inclusion Activities (Based on 31/12/21)

(Figure in crore)
Sl. no Name of Scheme Target Sanctioned amount achievement
3000.00 Crore Refinancing Scheme for
Low Income Professionals, Farmers and
01 Marginal / Small Businesses Affected by
50.00 46.30 92.6%
Novel Corona Virus, 2020
Refinancing scheme of Rs. 200.00 crore
for small / marginal / landless farmers,
02 Low-income professionals affected by
5.00 3.31 66.2%
natural disasters with an account of Rs.10
Refinancing scheme of Rs.500.00 crore
for marginal / landless farmers, low
03 income professionals, school banking 1.66 0.05 3.01%
account holders and small traders with an
account of Rs.10/50/100.

Human Resource Management & Development
Human Resource Accounting
involving the disadvantaged in the economy and creating ABL is committed to building a safe, efficient and
opportunities for them to play an effective and active inclusive workforce where all colleagues are treated
role in development. respectfully and professionally and are given equal
opportunity based on merit. We promote work-life
In addition to increasing deposits through school
harmony and build a workplace free from discrimination,
banking activities under Bangladesh Bank’s 500.00
bullying or harassment. Our expectations of our
crore taka refinancing scheme, steps have been taken to
people and the policies we expect them to abide by
provide loans to disadvantaged and indigent students for
are stated in the ABL Code of Conduct. Upon joining,
economic development, human resource development
all new colleagues are informed of, and sign up to, their
and employment of students.To this end, 2450 brochures
obligations and rights under this code.
related to leading school banking loan accounts have
been distributed in all the branches of this bank.
Maintaining a Risk-Focused Organizational Culture
Human Resource Accounting We are steadfast in maintaining the trust our

stakeholders have placed in us. We do this through our
ABL recognises human resource is the most valuable
focus on values-led decision making and behavior, and
asset of an organization. Modern organizations are more
ensuring a strong risk-focused organizational culture.
conscious of the best utilization of its human resources.
Our comprehensive framework of policies, processes,
Now the top management is facing many challenges
methodologies and tools help us identify measure,
arising from globalization, competition, social changes,
monitor and manage material risks and opportunities
profitability and sustainability. They can address these
faced by the Group. Where applicable, employees’
challenges with the help of these human resources. The
key performance indicators also include risk control
success of any organization depends on the proper,
metrics. Ongoing training is an essential part of our
efficient and effective management of the human
efforts to ensure a risk-focused organization. The
resources. HR planning division is doing some work in the
topics for our training courses include anti-money
name of human resource management. The basic work
laundering, countering the financing of terrorism,
of HR Planning division is to formulate human resource
assessing and addressing operational and security risks,
management policy, to maintain the personal file of
business ethics, core ethics for financial advisers, Fair
every employee and officer, maintain the performance
Dealing ethics, global fraud prevention, financial crime
appraisal, make the PRL list and inform to concerned
prevention, IT security and cyber risk awareness. Our
employee in due time, sanction increment, encashment
colleagues also participated in conferences, seminars
of leave, settlement of retirement benefit, leave sanction
and workshops to learn more about risk management
inside and outside of Bangladesh, permit higher studies,
industry trends and best practices.
update the human resource management information
system and to verify the freedom fighter’s certificates
Encouraging Employee Feedback
from the related ministry.
We value feedback from our people on our workplace
Through the approval of Board of Directors HR division
culture and on how well we are upholding our values. We
formulated the Agrani Bank Limited service rules, 2008.
also ensure that our stakeholders have the ability to raise
The decisions we make and the actions we take are matters of potential concern in a secure manner without
guided by the corporate values of honor, enterprise, unity fear of adverse consequences through our whistle
and commitment. This is also reflected in how we care blowing policy. All reported cases are swiftly investigated
for the professional and personal development of our and resolved. The status of all whistle blowing cases
colleagues across the organization. We are dedicated to is tracked by Group Audit and reported to the Audit
building a culture where our colleagues are empowered Committee every quarter.
to make a positive and meaningful difference in what
Upholding Human Rights
they do for our internal and external stakeholders. We do We are committed to supporting internationally-
this by fostering an inclusive, prudent, progressive and accepted human rights principles, including those
high-performing organization that encourages the best relating to non-discrimination, child labour, forced labour
of each individual from our team of professionals. and freedom of association and collective bargaining.
Doing What is Right Ensuring Freedom of Association

We respect our employees’ lawful right to freedom of
Our Commitment to Fairplay

association and collective bargaining. Our approach is and/or otherwise affect the organization’s operational
to maintain mutually trusted and respectful relations and financial results.
with employee unions. We hold regular meetings with
union representatives to understand and to address their
Human Resource Accounting (HRA) involves accounting
concerns and expectations.
for a company’s management and employees as ‘human
The collective bargaining agreements that we have with assets’ or capital that provide future benefits. Agrani
the unions cover wages and working conditions such Bank Limited has 962 branches though out the country
as working hours, retirement age and re-employment, which have 10,750 persons to perform the operation.
shift work, allowances, transport reimbursement, leave The tables given below provide information on total
benefits, medical benefits, insurance benefits and workforce by region, employment type, age analysis,
grievance procedures. service analysis and gender.
Advancing Workplace Safety and Health
Existing Human Capital strength as on 31-12-21
Creating a healthy, safe and harmonious workplace is
Existing as on
important to us and we have established a Group-wide Name of post
31-12-21
workplace safety policy and guidelines to identify and to
address health and safety risks. Managing Director & CEO 1
Deputy Managing Director 4
Various Events
General Manager (including Head of ICC & CITO) 21
Employee engagement throughout 2021, the Bank
arranged a number of cultural events and sports events Deputy General Manager 105
that help in creating stronger employee bonding and Chief Security Officer & others (on contract) 3
engagement. The Bank also arranged various employee Assistant General Manager 303
engagement programs. Senior Principal Officer/Equivalent 906
Risks Principal Officer/Equivalent 1808
Human capital risks can be defined as events and Senior Officer/Equivalent 3292
employee behaviors that occur both within and outside Officer/Equivalent 3072
the workplace that can affect employee productivity Clerical 222
Non Clerical 1013
Total 10750
Breakdown of Human Resource as at 31-12-2021
Agrani Bank Limited has 10,750 employees in which 88% Male and 12% Female. As per designation our Executives
portion has 4%, Officer to SPO 84%, Clerical and Non Clerical 12% in 2021.
SL. Name of Office Male Female Total Employee Executive Officer to SPO Clerical Non Clerical
1. Dhaka Circle-1 688 198 886 38 756 10 82
2. Dhaka Circle-2 691 93 784 32 612 30 110
3. Faridpur 377 27 404 11 330 10 53
4. Mymensingh 732 82 814 15 745 13 41
5. Chattogram 531 56 587 15 428 35 109
6. Cumilla 697 57 754 13 629 20 92
7. Rajshahi 1013 101 1114 18 1016 16 64
8. Rangpur 695 79 774 9 689 14 62
9. Khulna 1089 98 1187 27 1042 21 97
10. Barishal 413 47 460 11 408 5 36
11. Sylhet 457 26 483 7 432 3 41
12. Corporate Branches 1212 220 1432 92 1219 25 96
13. H/O Departments 913 158 1071 149 772 20 130
Total 9508 1242 10750 437 9078 222 1013

Average Salary per Employee

Total Salaries & Allowance Average Salary per Employee
Year Total Employees
(BDT in million) (BDT in million)
2021 10,750 11,769.37 1.09
2020 11,389 11,557.70 1.01
2019 12,051 11,176.26 0.93
2018 12,656 11,122.89 0.88
2017 12,798 10,741.20 0.84
2016 12,672 10,065.10 0.79
2015 13,396 6,952.70 0.52
Promotion
Promotion has been given in different grades in 2021, to remove the repetitive mood, increasing social status, inspiring
employees and for acknowledgment of a job well done by an employee. The percentage of promotion in 2021, 2020
and 2019 respectively 7%, 7% and 7% against total employee.
Picture of promotions for last three years
SL No Designation 2021 % 2020 % 2019 %

1. General Manager 7 0.88% 11 1.30% 11 1.24%
2. Deputy General Manager 26 3.27% 38 4.49% 43 4.85%
3. Assistant General Manager 80 10.06% 114 13.48% 76 8.58%
4. Senior Principal Officer 130 16.35% 172 20.33% 154 17.38%
5. Principal Officer 176 22.14% 237 28.01% 242 27.31%
6. Senior Officer 120 15.09% 171 20.21% 173 19.53%
7. Officer 54 6.79% 99 11.70% 121 13.66%
8 Clerical 202 25.41% 4 0.47% 66 7.45%
9. Non Clerical 0 0 - 0 -
Total 795 846 886
Promotion, Motivation and Reward Scenario in 2021
Designation Male Female Total Grade 2021 2020 2019
General Manager 11 0 11 Deputy General Manager 1 1 1
Deputy General Manager 33 5 38 Assistant General Manager 3 1 3

Assistant General Manager 91 23 114
Senior Principal Officer 2 5 3
Senior Principal Officer 151 21 172
Principal Officer 4 5 7
Principal Officer 206 31 237
Senior Officer 7 6 7
Senior Officer 136 35 171
Officer 11 14 13
Officer 91 8 99
Clerical 2 4 4
Clerical Staff 4 0 4
Non Clerical 20 19 34
Non Clerical Staff 0 0 0
Total : 50 55 72
Total 723 123 846
Information on the Deceased Age group wise Human Resources as on 31st December
2021
Some of our employees expired in 2021. We are
expressing our deepest condolence to the concerned In the arena of our employee age groups 71% of them
families. We always try to settle the retirement benefit of are young and energetic to achieve our goals and future
deceased cases on the top priority basis. achievement.

Training and Human Resource Development
Age Group(years) Male Female Employee’s Financial Contribution

<30 93 28
The overall position of bank depends on the capability of
30-50 6594 907
the employee’s performance year to year. The operating
>50 2821 307
income raised gradually in every year. In 2020 the
Total 9508 1242
operating expenses increased Tk. 1.66 lac in respect of
Employee Turnover Rate
2019 but in current year it increased Tk. 0.82 lac. The
Number of Employee Total
SL. Years profit margin has ups and downs year to year due to
who left the bank Employees
1 2021 774 10,750 employee recruitment. In spite of various difficulties
2 2020 560 11,389 & COVID-19’s pendamic in banking sector profit per
3 2019 551 12,051 employee decresed Tk. 0.21 lac in 2021 from that of
4 2018 577 12,656 2020.
5 2017 758 12,798
6 2016 629 12,672
Particulars 2021 2020 2019 2018 2017 2016
Number of Employee 10,750 11,389 12,051 12,656 12,798 12,672
Revenue Income (Tk. In crore) 3,504.00 3,119.00 3,459.00 2,483.00 2,353.00 2,107.00
Revenue per employee 32.60 27.39 28.70 19.62 18.38 16.63
Total Expenses (Tk. In crore) 1,748.00 1,758.00 1,661.00 1,651.00 1,540.00 1,525.00
Expenses per employee 16.26 15.44 13.78 13.05 12.03 12.03
Operating profit (BDT in Crore) 648.00 662.00 900.00 832.00 813.00 555.00
Operating profit per employee 6.02 5.81 7.47 6.57 6.35 4.38
HR Information System Training is provided

Agrani Bank Limited is maintaining 10,750 employees. i) to ensure that an individual has the necessary skills
Agrani Bank has a nice HR information system. If the to perform the current job efficiently;
management desires to check the information at a glance
ii) to prepare an individual for a future role within the
of an employee they can get it easily. HR information
organization;
is becoming updated every day through HR division.
iii) to refresh knowledge/skills with the latest tools/
Comparing to other Banks we have a rich HR information
techniques; and
system.
iv) to meet legal and company specific requirements.
Action Plan for 2022
With this point of view, Agrani Bank Training Institute
i. to fill up the vacant post through promotion and
(ABTI) was established in 1976 and since then ABTI is
direct recruitment, by which we can maintain our
entrusted with the responsibility of designing course
productivity & service standard;
curriculum, reading materials, and course contents
ii. to ensure the right man in right place in right time for for conducting training for the purpose of enhancing
maximizing our profitability; and professionalism and administrative efficiency of the
iii. to settle the unsettled cases of retirement benefit. executives and officers of the Bank.
Agrani Bank Training Institute (ABTI) started its courses
in 1976 at 18 Bangabandhu Avenue, Dhaka in a limited
Training is an opportunity to build up a skilled and space. In 1996 it was shifted to 35/C Nayapaltan, Dhaka
knowledge based human resource of an organization. a greater space to accommodate more training courses.
Training has specific goals of improving capability, Both those spaces were rented building. With a view
capacity, productivity and performance of the executive, to providing standard, updated training, upholding our
officer and employee. A structured training and tradition and heritage in 2014 it has been shifted to
development program ensures consistent experience and 183 Sat Masjid Road, ADC Empire Plaza, (Opposite Star
knowledge of human resources. Kabab) at Dhanmondi, Dhaka comprising 3rd to

5th floor purchased space total 45 thousand square condition, Wi-Fi and modern sound system for class
feet and started to arrange training courses. Out of rooms. There is provision for two capsule lifts for ABTI
these 3 at 3rdfloor there are 4 class rooms able to but one lift is established. Many of these works have
accommodate 200 participants, room of the director, 7 been finished and the rest is going on.
rooms for faculty members, one VIP room for Chairman Since its inception in 1976 till 2021, ABTI has covered a
of the bank, MD & CEO and other top level executives total number of 1,57,986 executives/officers/staff under
of the bank, ABTI library and office room. The 4th floor different banners of training through 3,606 courses/
is arranged for ladies hostel able to accommodate 25 workshops. ABL has covered 22,333 participants by
women participants, modern computer lab and central conducting131courses/workshops in 2021 alone.
library. The 5th floor is provisioned for residence of
200 male participants, hostel super & guests and Followings are statement of male & female participants
dining space cum auditorium. There is a high powered and internal & guest speakers of different courses/
generator; all the rooms are accommodated with air workshops conducted by ABTI on 2021:
Sl Yearly target-2021 Achieved-2021

Course/ Workshop
No No of Course No. of Participants No of Course No. of Participants
Management Development Courses
1) 9 450 7 925
(management knowledge)
Foundation Courses
2) 17 850 - -
(Banking Knowledge)
Foundation Courses (Promoted Officers)
3) 1 50 - -
(Banking Knowledge)
Skill Development Courses
4) 27 1,350 16 1,044
(Technical Knowledge)
5) Workshop 98 4,950 90 17,837
6) Computer Course 45 1,600 45 2,527
Total : 197 9,250 158 22,333
Internal Training through ABTI Expenditure of previous five years training courses/
The total number of courses decreased in 2020 from workshops conducted by ABTI:
that of 2019. Statement of male & female participants Total Expenses
Year
and internal & guest speakers of different courses/ (BDT Million)
workshops conducted by ABTI on 2021: 2021 45.00
2020 09.43
Category Total 2019 30.63
Number of Courses 131 2018 40.83
Male 20,137 2017 33.56
Number of Employees received Female 2196

Keeping this in view, like 2021 training programe-2022
Training
Total 22333 has been formulated with the vision of continuing effort
Working hours of training received through in to contribute to the strategic capability of Agrani Bank
1,52,072
house Training Limited by developing skilled, committed, ethical and
Regular well-motivated human resources through need-based
6
Trainer training.
Guest
Number of Trainer 32 It is an immense pleasure that as recommended
Speaker
by the Advisory Board of Agrani Bank Training
Total 38 Institute and duly approved by the learned Board of
Directors, a total number of 183 training programs

Automation and Digitalization
Development in ICT Sector
comprising 15 Management Development Courses Main Frame computer. Since then amidst increasingly
(Management Knowledge), 11 Foundation Courses fierce competition, the efficiency gained and the speed
(Banking Knowledge), 1 Foundation Courses (Promoted of IT have offered us the opportunity to open up new
Officer), 20 Skill Development Courses (Technical sources of advanced, innovative products and better
Knowledge), 81 Workshops, 53 Computer Courses and customer services. Sufficient allocation is made by the
2 Research Programme have been incorporated in the Bank for hardware and software to ensure complete
training calendar for the year 2022 for 9050 personnel implementation of our ambitious plans for the increased
(Executives, Officers & Staffs). use of ICT and Management Information Systems (MIS).
Being advised by the honorable Board of Directors
Branch Computerization
of Agrani Bank Limited & Advisory board of ABTI
importance has been given on different new courses. Agrani Bank Limited has grown significantly over the
In this year Smart Banking (Internet & Mobile Banking), years in branch automation. Till date all the branches
Interoperable Digital Transaction Platform (IDTP), became computerized, where they are operating under
Strategy for Enhancing Business Performance, ABL CBS and different online/offline software are used in
Letter Authorization System, Effective Performance various types of work. Most of the banking activities
Management of ABL and Awareness & Training Program can be carried out using these software. Bank provides
for Stakeholder Related to Custom Duty E-Payment has continuous training for the users of these software.
been incorporated. Now, all the branches are providing computer based
services with internet connectivity along with ‘Online
In order to increase the number of training personnel Foreign Remittance Payment Software’ and Online
in different level various courses and workshops on payment system of Western Union, MoneyGram, Xpress
different titles have been included in the outreach Money, IMF, Trans fast etc. and others also. capable of
program in 2022. As a whole, considering the importance making instant payment of foreign remittance to the
and demand of the time, need-based courses/workshops beneficiaries and preparing daily Statement of Affairs
have been incorporated in the training calendar, 2022. and Profit and Loss Statement besides making other
To conduct sessions of training course & workshop day-to-day correspondences. The major jobs handled in
honorable Chairman, Directors of Board of Directors, IT and MIS Division are:
Managing Director & CEO, Deputy Managing Directors, • Core banking Software processing and monitoring
General Managers of ABL take part as guest speaker
• Networking
along with Director &Faculty Member of ABTI. Beside
• Network Operation Center(NOC)
them Experts & learned Deputy General Managers,
Assistant General Managers & Senior Principal Officers • Service Operation Center(SOC)
of Agrani Bank Limited, teachers of different universities, • BACH/BEFTN
Trainers of BB, BIBM, BBTA & ICAB and Government • RTGS
officers are invited as guest speakers to conduct
• Inter-branch Transaction Reconciliation.
sessions.
• Foreign Bank Accounts Reconciliation (Nostro
In the conclusion, it may be specially noted that in the Accounts).
new normal situation ABTI has introduced a virtual
• Consolidation of Statement of Affairs/ Income &
platform to face the new challenges due to Covid-19.
Expenditure Statements.
Infact ABTI has been working hard for developing human
resources full of potentiality, creativity, skill, integrity and • Personnel System.
motivational spirit. We hope ABTI will be a unique and • Pay-roll of Head Office Employees.
exemplary institution regarding quality human resource • Inventory Management etc.
development in the banking sector. • Purchase
• Internal software and app development inside Bank
• A-Chalan
Information and Communication Technology (ICT) has
• Sanchaypatro
its direct impact on productivity and competitiveness in
Moreover different types of in-house Web Based
both domestic and international markets. We are proud
Software have been made for Head Office
that Agrani Bank was the first among the commercial
superintendence, consolidation of various information
banks in this country to introduce computer-based
along with other necessary jobs performed by the bank.
technology. It started its journey from 1968, using IBM
Among them, some of the important software are:-

1. ‘Integrated On-line MIS- Affairs Consolidation’ 13. Comprehensive Audit Software which is a digitalized
software for consolidation of affairs, P/L of all the platform of reporting of Comprehensive Audit
branches and also for preparing various important system used by Audit Division of the bank.
reports.
14. Risk based Audit Software- Agrani Bank Audit
2. ‘Web Based On-line MIS (WMIS)’ software for Head team uses this software for Risk based Audit (RBIA)
Office superintendence and off-sight supervision of purpose.
the branches.
15. LSIS (Legal Suit Information System) for keeping
3. ‘ISS’ software for reporting ISS statement correctly record/storing information of Artha Rin and NI Act
to the Bangladesh Bank web portal and also for related suit.
consolidation of the statements of all the branches
16. Online Exams and Training Material Archiving where
in Head Office.
various types of training program exams are being
4. ‘FEX-Monitor’ software for reporting the information taken through online system and all sorts of training
of different export and import LC opened by the AD materials are also available here.
branches of the bank correctly in defined format to
Moreover, Online Bill Collection software for BTCL,
the Bangladesh Bank web portal.
KGDCL GAS BILL, DPDC, SGDCL Gas Bill have also
5. Online CL software (ABL loan) for preparing been introduced. Using these software, all branches
the classified loan of the bank and to report it can post the bills collected from the customers of the
to Bangladesh Bank. It is to be noted that, daily respective company in their server in real time and
recovery statement from the NPL (Non-Performing amount is credited automatically. NID verification for
Loan) has also been included in this software. various banking purpose has also been implemented in
Agrani Bank Limited and branches have been given user
6. Online Inventory Software for preparing inventory
ID and password to get access in the server of Election
statement along with depreciation calculation.
Commission.
7. Online CIB Enquiry and Reporting Software for CIB
The Bank has a good team of highly skilled manpower
enquiry on any day and time as well as auto CIB
both in technical and business areas to handle IT
fees calculation collectable from customers. Report
operation deployed in Head Office, Zonal Offices and
menu for Bangladesh Bank and Management of the
in Branches. The Bank has recruited a large number
bank is also available.
of manpower exclusively for ICT operation. Those
8. Collateral Security & Mortgage Property resources are being deployed in Head Office IT and
Management- This software contains information MIS Division and in Zonal Offices from where they can
of all physical security owner/mortgagor for monitor and control the various ICT operations at the
fulfilling Bangladesh Bank’s requirement. Detailed gross root level. The relevant employees are provided
information of security given is also available. with adequate training to cater to all kinds of needs
related to ICT. A majority of manpower of the Bank has
9. Closing Software- Half yearly/Yearly closing
got IT literacy and training of basic and higher training
statement preparation software. It reduces physical
on IT courses are offered throughout the year. The Bank
activities on preparing different statements like
has formulated its ICT policy as per Bangladesh Bank
Demand time, Liquidity statement, Fixed asset etc.
Guidelines in which proper directives have been provided
and data aggregation for these statements is done
for each and every operation of the Bank related to ICT
automatically.
every year.
10. Help Desk and User Management (ITHOTLINE)
for solving User ID related problems of different Online Banking
types of software used in bank including CBS T24. IT-based banking has a major role to play in rendering
User creation, company change as well as user improved services to the valued customers and
management and online help desk facility is also stakeholders in today’s competitive banking
available here. environment. The Bank has taken various measures
for automation of its functions and services. One of the
11. Govt Employee’s Online House building Loan
major steps is installation of fully integrated online core
Application Software for Government’s newly
Banking Solution (T24 by Temenos). Agrani Bank Limited
introduced House Building Staff Loan application,
commenced Online Banking solution among all the state
processing and approving online system.
owned banks for the first time and it has the highest
12. SBS 2 and 3 Automation for reporting of Bangladesh number of ‘online’ branches under core banking system.
Bank SBS 2 and 3. It began in 2010 with two pilot branches and now it has

Online Banking
progressed further and as of December 2021, all the product that were not been migrated to T24 software
branches (962) throughout the country are operating from legacy software will be brought under On-line
under this software. operation. Moreover, in near future, Introduction of T24
software will be ensured in the services like internet
Statistics of Online Branch
banking, mobile banking etc. and other modern banking
facilities to the customers.
962
960
956
951
934
941
816
Payroll & Staff Data Card Software

507
Used in staff salary calculation, salary fixation, yearly

increment calculation, salary sheet/pay slip preparation,
309
staff data card info collection and preservation for HRM

161
148
118
108
54
54
53
52
activity effectively and efficiently. Moreover, Annual

10
7
2
2
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Confidential Report (ACR) of employees are also being

2 52 54 53 148 507 118 7 10 5 4 2
2 54 108 161 309 816 934 941 951 956 960 962
managed by this software.

Number of online Branch (Yearly) Total number of Online Branch
Most importantly, T24 is number one renowned software

as a core banking software. The Core Banking Software BACH & BEFTN
(CBS) has four major functional areas. These are: As part of the plan of Bangladesh Bank for automation
of clearing payment system of the country, Bangladesh
a) Retail Module: All the functionalities of general
Automated Clearing House (BACH) was introduced in
banking like SB, CD, FDR, SND, APS, ABS, DD, PO/PS,
the bank. The two components of BACH – Bangladesh
MIS, ADBS, Super Saving Scheme, Millionaire Scheme,
Automated Cheque Processing System (BACPS) &
Lakhopoti Scheme, Nari Amanot Scheme, Probash
Bangladesh Electronic Fund Transfer Network (BEFTN)
Deposit Scheme, NRB Deposit Scheme etc. are covered
are active in the bank. All branches in this bank under
under this module.
the procedure of BACH. For this purpose, hardware,
b) Credit Module: All kinds of credit operation like CC, OD, MICR check scanner and network connectivity have
consumer loan, staff loan are handled using this module. been established in each concerned location. For BACH
operation, a sophisticated centralized software has
c) Trade Finance: All activities relating to foreign
been customized and installed which has facilitated the
exchange business can be handled under this module.
smooth operation of the system throughout the country.
d) Treasury Module: All treasury functions i.e. security, The other component BEFTN has been introduced
money market, and investment are covered under this in all branches of the Bank. As per Bangladesh Bank
module. Also, centralized Head Office GL is incorporated instruction, debit and credit both operation has been
with Treasury Module. allowed in it. With the introduction of automated clearing
system, customer service has improved greatly.
Recently, the version number of T24 which is running is
R09, to enhance the standard; it has been taken steps BD-RTGS
to upgrade T24 to its latest version. It is wished that, the Bangladesh Real Time Gross Settlement (BD-RTGS) is a
upgradation will complete as soon as possible. All the system where large amount of interbank real time (the
modules of T24 have been customized as per existing actual time during a transection process) fund transfer
business processes and rules of the bank considering (both local and foreign currency) are done electronically.
the guidelines of Bangladesh bank. As per Bangladesh Bank rules, the originating bank
For all kinds of automation activities, the Bank has should settle the payment within 30 minutes after getting
deployed human resources in the major areas from the the payment instruction from the client. On the other
existing manpower. Primarily, two teams i.e. business hand, the receiving bank needs to credit the respective
team and technical team are working. The business client’s account within 30 minutes. BD-RTGS system
team was formed choosing experts from each and makes it possible in case of bank to bank transection.
every functional area i.e. general banking, credit, trade Bangladesh bank has started ‘RTGS (Real Time Gross
finance and treasury. The technical team comprised of Settlement) Go Live’ activity for all the scheduled banks
the experts of hardware, database, operating system, in the country from 29-10-2015. By implementing RTGS,
network, online banking software. For capacity building, Bangladesh Bank has given the opportunity of real
they were given adequate training to make them capable time interbank transaction and its settlement for all the
of handling all the activities to run a core banking scheduled banks along with the option of transaction
software smoothly. The Bank has also established a in foreign currency, foreign currency exchange (Gross
24 Hours Help Desk in IT & MIS Division to render the Currency Trading) and treasury bond/bill buying and
operational and technical support to all the online based selling.
branches instantly. Within shortest possible time, the Integration of a middleware software with T24 software

Automation and Modernization
Electronic Banking
for the implementation of RTGS has been done. The cash withdrawal, balance query, mini statement etc along
vendor has supplied and established the required with other banking facilities from around 2882 ATMs of
middleware software accordingly by which RTGS Inward 31 scheduled banks under Q-Cash shared network. The
Message is being received from Bangladesh Bank and Board of Directors of the bank has approved installation of
Outward Message is also being sent. Fund Transfer of 100 ATMs by ABL's own source & management of which
minimum BDT 1, 00,000.00 and above will be possible 56 ATMs have been lodged already and the rest are under
through BD-RTGS. Fund Transfer of minimum BDT process.
1, 00,000.00 and above will be possible through BD-
Recently, 1 lakh 55 thousands debit card had been issued
RTGS. As per Bangladesh Bank rules, the clients will be
and running. Money withdrawal and POS transaction can
facilitated with RTGS system from 10.00 AM to 04.00
be done by this debit card. Furthermore, ABL has plan to
PM. Still now Bangladesh Bank has not fixed any charges
provide credit card service.
yet for fund transfer facility through RTGS. Bangladesh
Bank is expecting that RTGS will be a very popular system SMS Alert Service
among the people in the near future.
SMS Alert service for all amounts of deposit, withdrawal,
SWIFT and transfer and balance confirmation of the customer’s
Agrani Bank Limited provides SWIFT (Society for account has been introduced in 2017.
Worldwide Inter-bank Financial Telecommunication)
Introduction of Agent Banking
facility in its 38 branches to offer services relating to
foreign exchange/foreign trade transactions (both import Agrani Bank Limited in association with DOER, has planned
and export) and remittance. to extend its financial and banking services to the door of
unbanked and under banked areas of Bangladesh through
e-GP agents, which is termed as ‘Agrani Doer Banking’. The
The government of Bangladesh has introduced e-GP project would run under the ‘Agent Banking Guideline’ that
(Electronic Government Procurement) program under has recently been formulated by Bangladesh Bank in a bid
CPTU (Central Procurement Technical Unit) of Planning to achieve ‘Financial Inclusion’ goal of the nation. Agent
Ministry. Contractors of 2,236 purchasing organizations banking model would help to achieve the following:
under 33 ministries and department of the People’s i. Lowering transaction costs both for the customers
Republic of Bangladesh can participate in e-tendering and bank.
by depositing their registration fee, renewal fee, tender
ii. Help cover a large geographical area with minimum
document fee, bank guarantee etc. from all the branches
cost.
all over Bangladesh. Proper training on e-GP has been
provided to a large number of employees of the bank. iii. Cutting administrative overhead off.
The bank has voluntarily participated in e-GP program to iv. Creating financial awareness.
meet its commitment to serve the nation. Features of Agent Banking:
Website i. New Account Introduction and distribution of Account

Agrani Bank Limited has an informative website opening Form with KYC.
containing description of its various products, ii. Deposit / withdrawal in Accounts.
services, annual accounts, citizen’s charter and other iii. Government Benefits (such as old, widow, disability
up-to date information about the Bank. The website allowance etc) Distribution.
`www.agranibank.org` serves as a primary source of
iv. Loan recovery and Disbursement
information of the bank. Current news on recruitment,
tender etc. of the bank can also be found on this website. v. Installments collection for recurring Deposit in Bank.
The official website of Agrani Bank Limited has been vi. Utilities bill collection.
made by “DataCraft” company in 2019. The bangla vii. Salary disbursement for educational, industries,
version has been running from February. Government and non-government
institutes.
ATM & Debit Card Service
In order to be up-to-date with the fast advancing Agrani Bank Limited, in collaboration with the associated
information technology, Agrani Bank Limited started partner 'DOER', implemented "Agent Banking" service on
ATM (Automated Teller Machine) service in 2002 for the a pilot basis in two branches of ABL (Shaistagonj Branch,
clients named as E-Cash Debit Card. After that our bank Hobigonj & Pangsha Branch, Rajbari) successfully. At
is providing customer service by Q-Cash Brand shared present Agent Banking Software (Celloscope) integration
ATM Network through IT Consultant Limited (ITCL). At with Core Banking Software (T-24) is established followed
present our customers are enjoying the benefit of 24 hours by the guidelines of Bangladesh Bank and the live

Electronic Banking
operation of ‘Agrani Doer Banking’ is continuing in 400 • Fund Transfer to other Bank ( NPSB/EFTN)
agent locations under around 279 linked branches. The • MFS transfer ( bKash, Nagad, Rocket etc)
service will be introduced immediately in 227 Upozelas 1. Bank to MFS
as there's no branch of our bank in those areas. Moreover 2. MSF to Bank
the project will also be implemented primarily in Union and
• Utility Bill Payment ( DPDC, DESCO, WASA, BREB,
District areas in more agent locations depending on the TITAS etc)
commercial importance and prosperity. It is to be noted
• Mobile Top Up (Recharge)
that the customers will be able to get the facility of ‘Real
• Merchant payment
Time Transaction’ with ‘Agrani Doer Banking’ service.
• e- commerce payment
Smart Banking • IFR
To make the banking service more paperless, fast and Besides, Oracle Database will be started to provide a
automatic, by the help of “DOER” organization, ABL will greater service to the customer. The service will be
start to service of “Smart Banking”. “DOER Services provided by establishing Wide Area Network (WAN) in
Limited” is a service providing company which will help 962 branches.
by providing Apps and Web based Internet Portal of
“Smart banking”. According to bank’s demand NBPS, e-Account & e-KYC
Utility Bill, Top Up, Merchant payment and e-Commerce
To serve the customers of Agrani Bank Limited of
payment will be added with this app.
account Opening digitally, a Mobile app named “Agrani
eAccount” has been developed by expert of IT &
The initial facilities of “Smart Banking” are:
MIS division. Recently, along with account opening,
• Self-Registration remittance, bKash, cash deposit, EFT, RTGS can
• Assist Registration be done by this app. In the presence of honorable
• Fund transfer own account chairman sir, honorable board directors, honorable
• Fund transfer ( intra) MD & CEO of Agrani Bank Limited, honorable Post
• Account Statement & Telecommunication minister MD. Mostofa Jobbar
inaugurated the ceremony of this mobile app. Honorable
• Customer Details
minister has opened his bank account by “Agrani
• Balance Inquiry
eAccount” in this bank, which is a first account opened
• Transaction history
by this app. The honorable MD & CEO of Agrani Bank
• Beneficiary management Limited felt very proud by observing that, the app
Later, the facilities will be added with the “Smart is developed with own organization’s expertise. He
Banking” system congratulates and inspires the related employees this

Stakeholder Engagement
work and thanked the management authority for taking Operation of Banking Software (TEMENOS T24)”
steps for this type of initiation. has been arranged regularly for branch people.
Distribution of SEQAEP Stipend  For the upgradation of T24 in 2022, for increasing
To inspire the poor yet meritorious students from class 6 the expertise of officers, induction and functional
to Class 10, Secondary Education Quality and Access trainings will have been arranged in inside country
Enchantment Project (SEQAEP) jointly financed by and overseas by Flore telecom.
ministry of education, the Government of People’s
 Besides, IT Division officers training will be arranged
Republic of Bangladesh and the World Bank is being
for branch employees on upgrated T24
conducted since 1993. Ministry of Education, World
Bank and SEQAEP authority supervise this project. Future planning for ICT Progress
Besides distributing stipend to the students, different
i. Along with the enhancement of IT &
kinds of incentive awards and financing the development
telecommunication, to serve the customers
of concerned schools are provided through SEQAEP.
various media have been launched. Some are MFS<
Through this project, the Directorate for Secondary
Internet banking, App based banking. To provide
& Higher Secondary Education has been giving away
higher service to customers, steps have been taken
stipend to the students enlisted with SEQAEP through
to make IT division stronger. Some steps are:
250 branches of Agrani Bank Limited across the country
since 1993. The main objective of this project is to ensure ii. Creating several divisions according to work
that students at Secondary level do not drop out of segregation, the distribution of work. Such as IT
education. At present, the number of students receiving Operation, IT Support, IT Procurement, Business IT,
the benefit under this project is ten lac. By receiving IT security, IT Development.
stipend money through the Bank, the students are getting
iii. Arranging regular training to create expert
introduced and become used to banking system which
personnel , so that there will no lacking in any
brings momentum to the school banking program of
division
ABL. In this project World Bank’s fund for, the stipend
money is deposited through Bangladesh Bank to the iv. Collecting every bill by Web based Software
SEQAEP account maintained with Principal Branch of
v. Creating “Business Continuity Plan”, so that
ABL. to distribute the money directly to the beneficiaries,
“Service uninterruption” can be stated.
Principal Branch sends the money through IBCA to the
concerned branches through respective Zonal offices. vi. Taking initiatives to strengthening the way be
paperless banking and MIS
Online CIB Reporting
MIS Division of the Bank receives previous months CIB vii. Taking steps to make NOC, SOC more affluent
information sent from related branches via zonal offices viii. To make IT Audit and IT Security total automatic.
in online within 10th of the month. MIS Division verifies
the accuracy of the information and after consolidating
the information sends to Bangladesh Bank in online
within 20th of the month. Corporate branches directly
send CIB information and inquiry forms to MIS Division.
The number of CIB information received by ABL from
Bangladesh Bank server and sent to related branches
from January to December 2019 are almost 70,100.
Planning for Creating IT Expert
 To create expert IT personnel, various types of

training are being arranged. Besides, Cyber Security,
Programming Language, Vendor Management,
RTGS, A-Chalan, BACH, BEFTN, Database
Manegement, Network Security according to
demand various training are being arranged on
different subjects
 To create expertise on core banking software,

a course on CBS (T24) named “Application &

Engaging Our Stakeholders

At ABL, we believe that constructive stakeholder engagement keeps us abreast of changes, attuned to possibilities
and focused on remaining relevant to our stakeholders. It keeps us effective for the long term. This is essential for us
to continue meeting the financial needs of our customers.. We continually seek our stakeholders’ views, concerns and
expectations through conversations and collaborative initiatives.
Our stakeholder engagement approach is presented in the following table.
How we Meet Their How we Engaged

Stakeholder What They Expect Our Goals for 2021
Expectations Them in 2020
Customers • Fair products and • Maintaining the • Interactions at • Continue frequency

services highest branches and quality of employee
professional and training sessions
• Reasonable fees ethical standards in all • Face-to-face
and workshops with
our dealings with our meetings
• Responsible financial customers. sharper focus on
advice • Marketing and service excellence and
• Focusing on both the advertising digitalisation
• Secure transactions personal and business campaigns
financial needs of
• Protection of data and our customers when • Website and • Extend reach of
privacy developing our social media Customer Satisfaction,
products campaigns and
• Convenient access to and services. channels
products and services • Raise quality of
• Ensuring that our • Events and customer interactions
• Prompt service people seminars at all points of contact
and resolution of are equipped and
complaints committed to advise
and
to act in the best
interests
of our customers
• Providing our
customers
with clear and
transparent
information so that
they can make
informed
financial decisions
• Ensuring access to our

banking products and
services through our
extensive network of
customer touch points.


Colleagues • Trust and respect • Creating a values-based • topical and regular • Continue frequent and
organisational culture communication to regular engagement
• Career development all staff from the programmes ,various
• Providing opportunities CEO communication channels
for training and
• Job satisfaction and
development to build • Online and mobile • Implement initiatives
recognition skills for the digital employee portal and programmes that
economy with informative, fulfil our employee
• Fair employment collaborative and value proposition
practices • Empowering our people social features
to take ownership of • Ensure fair and
• Work-life harmony their • HR policies and equitable
career paths procedures opportunities are open
to all colleagues
• Workplace well-being • Promoting teamwork • Periodic
and performance
supporting one another reviews
to
achieve shared goals • Training and
• Ensuring fair human workshops
resource policies are
practised • Transparent
communications
• Ensuring transparent between
and management and
objective performance employees
appraisals, and encouraged
performance-based through an “open
rewards and recognition door” policy
• Enabling colleagues • Sports

to give back to the and recreational
community through activities
volunteer initiatives
• Support for people
• Offering health and with disabilities
wellness benefits
• Participation in
• Maintaining workplace governments’
health and safety employment
creation
• Encouraging strategic initiatives
investments that drive
economic growth and • University
social development scholarships
• Offering jobs to local • Donations

talent
• Meet the
• Giving back to society borrowers
through corporate social and customers
responsibility (CSR)
programmes focused
on art, children and
education
• Integrating ESG
considerations into our
risk assessment
and credit decision
processes


Community • Employment • Encouraging • Participation • Deepen and broaden

opportunities strategic investments in governments’ reach of our CSR
that drive economic employment programmes, building
• Responsible growth and social creation initiatives awareness, interest and
lending and development engagement for areas
investment • University under focus
• Offering jobs to local scholarships
• Conduct ESG training on
talent
• Donations responsible financing for
• Giving back to relevant roles
society through • Meet the
corporate social borrowers and
responsibility (CSR) customers
programmes focused
on art, children and
education
• Integrating ESG
considerations into
our risk assessment
and credit decision
processes
Governments • Highest standards • Complying with • Regular • Maintain level of

and Regulators of corporate applicable and current meetings and engagement with equity,
governance and laws, regulations and engagement with fixed income and ESG-
ethical behaviour policies local authorities focused investment
community, including
• Prevention of • Maintaining sound • Consultations investors, analysts and
financial fraud and risk management with regulatory credit rating agencies,
money laundering systems and bodies ensuring high standards
processes of corporate governance,
• Countering • Annual reports
transparency and
the financing of • Preserving strong
• Audit reports disclosure
terrorism capital adequacy
levels • Highest standards of
• Maintaining • Electronic
Government corporate governance and
financial stability • Providing regular
Procurement ethical behaviour
compliance training
• Taxes to for our people • Prevention of financial
governments
fraud and money
• Conducting regular
• Supporting the laundering
internal and external
development of audits • Countering the financing
local economies and
of terrorism
industry


• Developing products • Maintaining financial stability

and services for
• Taxes to governments
start-ups and small-
and medium sized • Supporting the development of
enterprises local economies and industry
• Complying with applicable and

current laws, regulations and
policies
• Maintaining sound risk

management systems and
processes
• Preserving strong capital

adequacy levels
• Providing regular compliance

training for our people
• Conducting regular internal

and external audits
• Developing products and

services for start-ups and small-
and medium-sized enterprises
• Regular meetings and

engagement with local
authorities
• Consultations with regulatory

bodies
• Annual reports
• Audit reports
• Maintain robust two-way

engagement
with regulators and industry

bodies
• Participate actively in
consultation papers issued by
regulators to help shape the
regulatory framework
• Improve data analytics and

automation in compliance
oversight tools in line with
industry trends

How we Meet Their How we Engaged Them in

Expectations 2020
Suppliers • Fair vendor • Ensuring integrity • Requests for Quotations • Ensure understanding and
selection process in all purchasing and Proposals compliance of sustainable
decisions procurement practices and
• Ethical conduct • Vendor briefings
standards
• Adhering to
• Timely payment • Purchase agreements
agreement terms
• Annual reviews
Media • Timely, topical • Providing regular • News releases and • Maintain frequency and
and transparent statements and media statements level of engagement with key
information briefings to update media partners
the media and • Media conferences
on subjects
the public on our • Keep media abreast of
of relevance • Media briefings
initiatives and news relevant to ABL’s
to the Bank,
progress • Media interviews stakeholders
industry and the
communities in • Ongoing engagement • Develop deeper
• Ensuring prompt
which we operate sessions with media in understanding of their
and relevant
responses to media person and online mediums and constraints
• Prompt and
accurate queries • Issuance of research
reporting of reports and white papers
• Ensuring the
corporate news
availability of our
such as financial
spokespersons on
results topics of relevance
to the Group,
• Access to senior industry and the
executives with communities in
specific industry where we operate
expertise for
media interviews
Other • Cooperation • Participating • Membership, • Maintain active

Financial and and contributing governance and engagement to help shape
Institutions, collaboration in actively to industry- committee positions in the sustainability agenda
and Industry addressing the wide efforts to industry-wide projects and build industry capacity
and Trade sustainability ensure the long- on ESG issues
• Participation in,
Associations issues the term sustainability
and contribution to,
financial of the financial
industrywide meetings
services sector services sector and
and initiatives
and other sectors to which
sectors face our clients belong • Conferences and
forums
Membership of Associations
ABL is active member of a number of industry associations. We hold governance or committee positions in
associations such as The Association of Bankers, Bangladesh, The Institute of Bankers, Bangladesh, Bangladesh
Foreign Exchange Dealers Association.

Sustainability Scorecard
Sustainability Scorecard
Performance Indicators 2021 2020 2019
Customers
Number of customers 1,34,20,517 1,24,62,954

1,32,38,630
Access to Financial Services
Number of Branches 962 960 956
Number of ATMS 57 47 40
Number of ATMS (Group) 2,852 2,852 2,790
Customer Experience and Advocacy
Customers compliments
Loans to Agriculture (BDT Crore) 430 436 436
Loans Rural Credit 245 242 242
Employee
Number of Employee 10,750 11,389 12,051
Number of Employee(Male)% 88% 88% 89%
Number of Employee(Female)% 12% 12% 11%
Average Training hours per Head count 10 10 21
Training expenditure per Head count (Tk.) 2015 611 2,810
Employee attrition% 7% 5% 5%
Community
Medical Consultant Fee(BDT Million) 2.26 2.06 1.42
Medical Expenses(BDT Million) 194.20 206.79 1.47
Sports & Culture Fee(BDT Million) 2.40 30.93 25.28
Transport(BDT Million) 35.00 28.94 34.48
Funeral Expenses(BDT Million) 2.70 3.00 3.53
Monetary contributions (BDT Million) 49.52 49.02 49.72
Environment
Office paper consumption (kg) 14,740 14,213 14,961
Electricity used (kwh) 1,17,53,783 1,04,95,335 1,16,61,483
Water Consumption (m³) 5,64,39,535 4,95,47,520 5,63,04,000
Economic Value of Contributions
Total operating income (BDT Crore) 3158 2441 2561
Profit after tax (BDT Crore) 17 23 107
Employee compensation and benefits (BDT Crore) 1177 1156 1118
Income tax to governments (BDT Crore) 89 114 210
Suppliers
Total Purchase(BDT Million) 219.21 271.35 319.23

Independent
AUDITORS’ REPORT &
Audited Financial Statements 2021
Agrani Bank Limited

Independent Auditors’ Report
to the Shareholders of Agrani Bank Limited
Report on the Audit of the Consolidated and Separate Financial Statements
Qualified Opinion
We have audited the consolidated financial statements of Agrani Bank Limited and its subsidiaries
(the “Group”) as well as the separate financial statements of Agrani Bank Limited (the “Bank”), which
comprise the consolidated and separate balance sheet as at December 31, 2021, and the consolidated
and separate profit and loss account, consolidated and separate statement of changes in equity and
consolidated and separate cash flow statement for the year then ended, and notes to the consolidated
and separate financial statements, including a summary of significant accounting policies.
In our opinion, except for the possible effects of the matter described in the Basis for Qualified
Opinion section of our report, the accompanying consolidated financial statements of the Group and
separate financial statements of the Bank (the “financial statements”) give a true and fair view of the
consolidated balance sheet of the Group and the separate balance sheet of the Bank as at December
31, 2021, and of its consolidated and separate profit and loss accounts, consolidated and separate
statement of changes in equity and its consolidated and separate cash flow statement for the year
then ended in accordance with International Financial Reporting Standards (IFRSs) as explained in
note # 2 and comply with the Bank Companies Act, 1991 (as amended up to date), the Companies
Act, 1994, the rules and regulations issued by the Bangladesh Bank and other applicable laws and
regulations.
Basis for Qualified Opinion

We refer to note 11 to the financial statements, which depicts “deposits and other accounts” amounting
to BDT 100,864.39 crore. On a sample basis, we have performed the audit procedures on deposits &
other accounts in 31 branches, accounting for 27% of the total deposits held by the Bank. We have
observed a difference of BDT 39.73 crore between the financial statements and the detailed account-
wise break-up of the deposit balance of these 31 branches. The bank’s management was unable to
provide any reconciliation regarding the said difference. Additionally, we were unable to verify the
said difference by alternative audit procedures. Thus, we are unable to determine whether or not any
adjustments were necessary for the said difference balance. It is pertinent to note that the amount of
this difference implies a malfunction in the bank’s core banking solution, which could have had severe
consequences on the financial statements.
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our
responsibilities under those standards are further described in the auditors’ responsibilities for the
audit of the consolidated and separate financial statements section of our report. We are independent
of the Group and the Bank in accordance with the International Ethics Standards Board for Accountants’
Code of Ethics for Professional Accountants (IESBA Code), rules & regulations issued by Bangladesh
Bank, and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code and
the Institute of Chartered Accountants of Bangladesh (ICAB) Bye-laws. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
Emphasis of Matters
We draw attention to the following notes of the financial statements, which describe the effects in the
Bank’s financial statements. Our opinion is not modified in respect of these matters.

1. We refer to notes 12.9, 12.11, 12.12, 12.13, 12.14, 12.17, and 12.24 to the financial statements, wherein the
management has described the basis for the total required and maintained provision on loans and
advances and other provisions based on Bangladesh Bank letter no. DOS(CAMS)1157/01 (II)-C/2022-2298
dated April 28, 2022.
2. As disclosed in note no. 23 to the financial statements, the management has explained the basis for
interest income based on DBI-1 (posha-4)/2344/2022-629 dated April 28, 2022.
3. As disclosed in note no. 13.5 to the financial statements, where the Bank has described the basis on
which the risk-based capital and the capital conservation buffer have been made. As per Guidelines
on Risk-Based Capital Adequacy (RBCA) (Revised Regulatory Capital Framework for banks in line with
Basel III) dated December 2014, the bank must maintain 10% of the risk-weighted asset as minimum
capital. The bank has maintained 7.55% (Consolidated 7.48%) of the risk-weighted asset as minimum
capital.
4. We refer to note no. 18 to the financial statements, where the management has disclosed the reason for
adjusting the opening balance of retained surplus/(deficit).
5. We refer the note no. 2.43, where the management has disclosed the reason for not declaring a dividend
for the current year.
6. As disclosed in Annexure - R to the financial statements, the management has explained the basis for
unaudited financial statements and the current status of Agrani Exchange Company (Australia) Pty.
Limited and Agrani Remittance House Canada Inc.
Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in
the audit of the financial statements for the financial year 2021. These matters were addressed in the
context of the audit of the financial statements and in forming the auditors’ opinion thereon, and we
do not provide a separate opinion on these matters. For each matter described below, our description
of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in the auditors’ responsibilities for the audit of the
financial statements section of our report, including in relation to these matters. Accordingly, our
audit included the performance of procedures designed to respond to our assessment of the risks of
material misstatements of the financial statements. These results of our audit procedures, including
the procedures, performed to address the matters below, provide the basis for our audit opinion on the
accompanying financial statements.

Key audit matters How our audit addressed the key audit matters
01. Measurement of provision for loans and advances
With reference to notes # 7.6, 12.9, and 12.9.i to the The audit procedures performed for the measurement
financial statements, the process for calculating the of provision for loans and advances are following:
provision for loans and advances portfolio associated
with credit risk is significant and complex. The Bank  Tested the key internal controls as well as the
calculates provision for loans and advances by provisioning process, the management of impaired
considering various factors such as rate of provision, loans as well as the adequacy of the classification in
loan category, expiry date, outstanding balance, compliance with the Bangladesh Bank guidelines;
interest suspense amount, and the value of eligible
collateral as per BRPD circular no. 14 dated September  Tested the related controls for loans provisioning in
23, 2012, and its subsequent amendments. In addition relation to BRPD circular no. 53 dated 30 December
2021 and maintenance of special general provision
to that, the Bank impairs loan accounts and calculates
COVID 19 based on BRPD circular no 52 dated 29
the provision for loans and advances manually using December 2021 and BRPD circular no 50 dated 14
the data extracted from the IT systems of the Bank. December 2021.
The loans and advances constitute a significant portion
 Discussed with those charged with governance
of the Bank's property and assets. The quality of these & management and assessed the possible post
loans and advances are measured in terms of the ratio COVID impact as events after reporting period on
of non-performing loans (NPLs) to the gross loans the recoverability of loans and advances.
and advances of the Bank. The Bank's net loans and
advances comprise 50.03% of the total property and Our audit in relation to the provision for loans and
assets and the gross NPL is 16.70% of total loans and advances portfolio comprised the following:
advances as at December 31, 2021.
 Reviewed the adequacy of the Group and the
Bangladesh Bank vide BRPD circular no 52 dated 29 Bank's general and specific provisions;
December 2021 and BRPD circular no 50 dated 14
December 2021, instructed banks to keep an additional  Reviewed quarterly classification ledger of loans
1.5% provision for CMSME and 2% provision for other and advances (CL);
loans & advances for clients who have taken the deferral
facility and the provision will be shown as special general  Assessed the methodologies on which the
provision- COVID 19. provision amounts were based;
Later, Bangladesh Bank through BRPD circular no.  Recalculated the provisions and tested the
53 dated 30 December 2021, allowed banks not to completeness and accuracy of the underlying
downgrade the classification status of clients upon information;
realizing 15% of dues amount during the period from
January 01, 2021 to December 31, 2021.  Assessed the appropriateness and presentation
of disclosures against relevant accounting
Since the identification of NPLs and provisioning for standards and Bangladesh Bank guidelines.
loans and advances require a significant level of esti-
mation and given its significance to the overall audit,  Finally, compared the amount of provision
we have identified the measurement of provisioning requirement as determined by the Bangladesh
for loans and advances as a key audit matter. Bank inspection team to the actual amount of
provision maintained.
At the year-end of 2021, the Group reported total gross
loans and advances of BDT 59,781.86 crore (2020: BDT
51,752.34 crore), and the Bank reported total gross
loans and advances of BDT 59,790.28 crore (2020:
BDT 51,944.08 crore) whereas at the year-end of 2021
the Group reported total maintained provision for
loans and advances of BDT 4,106.11 crore (2020: BDT
3,952.99 crore) and the Bank reported total provision
for loans and advances of BDT 4,099.81 crore (2020:
BDT 3,947.04 crore).
See notes no 7, 12.9 & 12.9.i to the financial statements

02. Recognition of Interest income on Loans and Advances
Recognition of interest income has a significant We tested the design and operating effectiveness of
influence on financial statements and the performance key controls over the recognition and measurement of
of the Bank. interest income.
We identify recognition of interest income as a key We performed a test of control in place to measure
audit matter because this is one of the key performance and recognize interest income.
indicators of the Bank and therefore there is an inherent
We have also performed a substantive procedure
risk of fraud and error in the recognition of interest
to check whether interest income is recognized
income by management to meet specific targets or
completely and accurately.
expectations.
We assessed the appropriateness and presentation of
Bangladesh Bank through BRPD circular no. 53 dated
disclosure against relevant accounting standards and
30 December 2021, allowed banks to recognize accrued
Bangladesh Bank guidelines.
interest income on loans and advances upon realizing
15% of dues amount during the period from January 01, Considering the current uncertainty in economic
2021 to December 31, 2021. activity for ongoing COVID impact along with Russia
and Ukraine war, the recognition of interest income
At year-end, the Group reported a total interest income
following BRPD circular no. 53 dated 30 December
of BDT 3,521.45 crore (2020: BDT 3,120.58 crore)
2021, there is an inherent risk that the actual recovery
of accrued interest income from clients who enjoyed
deferral benefits could be materially different in future.
See notes no 23(a) to the financial statements
03. Valuation of Government Securities (Treasury bill and Treasury bond)

With reference to note no 6.1, the classification and We assessed the processes and controls put in place
measurement of T-Bills and T-Bonds require judgment by the Bank to identify and confirm the existence of
and complex estimates. T-Bills and T-Bonds. We obtained an understanding,
evaluated the design, and tested the operating
In the absence of a quoted price in an active market,
effectiveness of the key controls over T-Bills and
the fair value of T-Bills and T-Bonds is determined using
T-Bonds valuation processes, including controls over
complex valuation techniques, which may take into
market data inputs into valuation models, model
consideration direct, or indirect unobservable market
governance, and valuation adjustments.
data and complex pricing models, which require an
elevated level of judgment. We tested a sample of the valuation models and
the inputs used in those models, using a variety of
techniques, including comparing inputs to available
market data. Finally, assessed the appropriateness and
presentation of disclosures against relevant accounting
standards and Bangladesh Bank's guidelines.

Other Matters
1. The Bank has six subsidiaries. Among the subsidiaries, Agrani Equity & Investment Limited is audited by
Islam Aftab Kamrul & Co. The auditor has given a modified report (EOM) for the said subsidiary. The emphasis
of matter issue is given below:
• Agrani Equity & Investment Limited

In courses of our verification, we observe that the company did not comply IFRS- 16 “Lease”. This
standard, which is mandatory for the periods commencing on or after 1 January 2019, will require lessees
to account for all leases on their balance sheets, including those which had previously been treated
as operating leases and accounted for in the P&L account as an “in-year” expense. Our opinion is not
modified in respect of this matter.
2. The maintenance service provider for core banking software (Temenos T24) of the Bank has withheld
providing the support service as of February 17 2020. Consequently, in all likelihood, there is a significant
possibility of disruption for whole banking services and activities. The management has also expressed the
same risk to the Bangladesh Bank via letter ref: GgwW: wcGg: AvBwU: 01:84/26/20, , dated February 19 2020.
3. The bank has an inventory management system software. The software is developed in-house. The software
records the fixed asset details such as cost value, accumulated depreciation, purchase date, book value,
quantity and location. By the end of every month, the software generates a depreciation voucher. The
related departments or branches use the voucher as source documents to record depreciation. However,
the software has several control deficiencies. Some such deficiencies are the transfer of the asset is not
recorded separately, non-consideration of the purchase date for calculating depreciation etc.
4. We, as group auditors', had sent "Group reporting instructions" to the auditors of Agrani Equity & Investment
Limited for the year ended December 31 2021, as of 24 April 2022. However, we have not received any
response to date.
Our opinion is not modified in respect of these matters.
Other Information
Management is responsible for the other information. The other information comprises all of the information
in the annual report other than the financial statements and our auditors' report thereon. The annual report is
expected to be made available to us after the date of this auditors' report.
Our opinion on the financial statements does not cover other information, and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
identified above when it becomes available and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of management and those charged with governance for the consolidated and separate
financial statements and internal controls
Management is responsible for the preparation and fair presentation of the financial statements in accordance with
International Financial Reporting Standards (IFRSs) as explained in note # 2 and comply with the Bank Companies
Act, 1991 (as amended up to date), the Companies Act, 1994, the Rules and Regulations issued by the Bangladesh
Bank and other applicable Laws and Regulations and for such internal control as management determines is
necessary to enable the preparation of financial statements that are free from material misstatement, whether
due to fraud or error. The Bank Companies Act, 1991 (as amended up to date) and the Bangladesh Bank guidelines

require the management to ensure effective internal audit, internal control, and risk management functions of
the Bank. The management is also required to make a self-assessment on the effectiveness of anti-fraud internal
controls and report to Bangladesh Bank on instances of fraud and forgeries.
In preparing the financial statements, management is responsible for assessing the Group's and the Bank's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless management either intends to liquidate the Bank or to cease operations or
has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Group's and the Bank's financial reporting
process.
Auditors' responsibilities for the audit of the consolidated and separate financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error and to issue an auditors' report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISA will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements
As part of an audit in accordance with ISA, we exercise professional judgement and maintain professional
skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by management.
• Conclude on the appropriateness of management's use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions
that may cast significant doubt on the Group's and the Bank's ability to continue as a going concern. If we
conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the
related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However,
future events or conditions may cause the Group and the Bank to cease to continue as a going concern.
• Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities within the Group and the Bank to express an opinion on the financial statements. We are responsible
for the direction, supervision, and performance of the Group's and Bank's audits. We remain solely responsible
for our audit opinion.

We communicate with those charged with governance, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify
during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence and to communicate with them all relationships and other matters that
may reasonably be thought to bear on our independence and, where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were
of most significance in the audit of the financial statements of the current period and are, therefore, the key
audit matters. We describe these matters in our auditors' report unless law or regulation precludes public
disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably be expected to
outweigh the public interest benefits of such communication.
Report on other legal and regulatory requirements
In accordance with the Companies Act, 1994, the Bank Companies Act, 1991, and the rules and regulations issued
by Bangladesh Bank, except for the possible effects of the matter described in the Basis for Qualified Opinion
section of our report, we also report that:
I. We have obtained all the information and explanations which, to the best of our knowledge and belief, were
necessary for the purposes of our audit and made due verification thereof;
II. To the extent noted during the course of our audit work performed on the basis stated under the Auditors'
Responsibility section in forming the above opinion on the financial statements and considering the reports
of the Management to Bangladesh Bank on anti-fraud internal controls and instances of fraud and forgeries
as stated under the Management's Responsibility for the financial statements and internal control:
(a) Internal audit, internal control, and risk management arrangements of the Group and the Bank, as
disclosed in the financial statements, appeared to be materially adequate;
(b) Nothing has come to our attention regarding material instances of forgery or irregularity or
administrative error and exception or anything detrimental committed by employees of the Group and
its related entities;
III. Financial statements of Agrani Bank Limited's subsidiaries namely, Agrani Equity and Investment Limited
and Agrani SME Financing Company Limited have been audited by Islam Aftab Kamrul & Co., Chartered
Accountants, Agrani Exchange House Private Limited, Singapore has been audited by C.C. Yang & Co.,
Chartered Accountants of Singapore and Agrani Remittance House SDN, BHD, Malaysia has been audited
by Ahamad Naina Mydin & Associates, Chartered Accountants and have been properly reflected in the
consolidated financial statements;
IV. In our opinion, proper books of account as required by law have been kept by the Group and the Bank so far
as it appeared from our examination of those books;
V. The records and statements submitted by the branches have been properly maintained and consolidated in
the financial statements;
VI. The consolidated balance sheet and consolidated profit and loss account of the Group and the separate
balance sheet and separate profit and loss account of the Bank, together with the annexed notes dealt with
by the report, agree with the books of account and returns;

VII. The expenditures incurred and payments made in the year were for the purpose of the Group's and Bank's
business for the year;
VIII. The consolidated financial statements have been drawn up in conformity with prevailing rules,
regulations, and accounting standards as well as related guidance issued by Bangladesh Bank;
IX. Provisions have been made for advance and others as per Bangladesh Bank letter no - DOS(CAMS)1157/01
(II)-C/2022-2298 dated April 28, 2022, which are in our opinion, doubtful of recovery as explained in
note no. 12.24;
X. The information and explanations required by us have been received and found satisfactory;
XI. We have reviewed over 80% of the risk-weighted assets of the Bank and spent over 16,500 man-hours.
XII. Capital to Risk-weighted Asset Ratio (CRAR) as required by Bangladesh Bank has not been maintained
as at December 31, 2021.
A. Qasem & Co. Masih Muhith Haque & Co.

Chartered Accountants Chartered Accountants
RJSC Firm Registration Number: 2-PC7202 RJSC Firm Registration Number: P36255
________________________ ________________________
Ziaur Rahman Zia, FCA Masih Malik Chowdhury, FCA
Engagement Partner Engagement Partner
ICAB Enrollment Number: 1259 ICAB Enrollment Number: 337
DVC: 2205161259AS799818 DVC: 2205160337AS332542
Date: April 30, 2022

Place: Dhaka

Agrani Bank Limited
Consolidated Balance Sheet
As at 31 December 2021
Amount in BDT
31-Dec-2020 01-Jan-2020
PROPERTY & ASSETS Notes 31-Dec-2021
Restated Restated
Cash: 3(a) 45,813,797,732 111,509,085,159 45,263,115,221

Cash in hand (including foreign currencies) 8,536,769,465 5,670,670,494 5,647,909,621
Balance with Bangladesh Bank and its 37,277,028,267 105,838,414,665 39,615,205,600
agent bank (including foreign currencies)
Balance with Other Banks and Financial Institutions: 4(a) 62,865,001,360 58,524,275,251 69,638,979,186
In Bangladesh 53,681,985,200 47,735,148,741 60,725,747,554
Outside Bangladesh 9,183,016,160 10,789,126,510 8,913,231,632
Money at Call and Short Notice 5 11,040,000,000 23,190,000,000 530,000,000
Investments: 6(a) 398,776,718,343 305,447,148,009 208,827,238,424

Government 304,502,796,766 209,264,167,847 118,417,287,345
Others 94,273,921,577 96,182,980,162 90,409,951,079
Loans and Advances: 7(a).1 597,818,603,199 517,523,390,454 464,267,064,956

Loans, cash credit & overdraft etc. 591,916,243,705 513,384,715,467 459,622,675,721
Bills discounted and purchased 5,902,359,494 4,138,674,987 4,644,389,235
Fixed Assets 8(a) 15,697,408,347 15,982,551,009 14,625,773,183

Other Assets 9(a) 65,839,731,385 62,899,175,960 52,898,266,701
Non-banking Assets 9.7 430,452,997 430,452,997 412,754,628
Total Assets 1,198,281,713,363 1,095,506,078,839 856,463,192,299
LIABILITIES & CAPITAL

Liabilities:
Borrowings from Other Banks, Financial 10(a) 11,472,877,232 8,912,797,205 11,587,700,882
Institutions and Agents
Subordinated debt 10.5 4,400,000,000 5,800,000,000 7,000,000,000
Deposit and Other Accounts: 11(a) 1,008,698,268,851 920,636,228,156 692,194,999,019

Current deposits & other accounts 236,118,101,155 258,617,937,894 175,257,428,467
Bills payable 13,301,382,276 9,830,029,826 9,251,661,857
Savings bank deposits 267,448,580,822 234,881,742,035 203,618,624,785
Fixed deposits 491,830,204,598 417,306,518,401 304,067,283,910
Other Liabilities 12(a) 132,926,616,993 119,844,523,820 106,386,375,263
Total Liabilities 1,157,497,763,076 1,055,193,549,181 817,169,075,164
Capital/Shareholders’ Equity:
Paid-up capital 13.2 20,722,940,400 20,722,940,400 20,722,940,400
Reserve: 21,381,515,452 21,032,767,076 21,021,420,751

Statutory reserve 14(a) 9,702,649,565 9,353,901,189 9,341,213,926
General reserve 15(a) 603,286,599 603,286,599 603,286,599
Risk fund 15.1(a) 100,000,000 100,000,000 100,000,000
Asset revaluation reserve 16(a) 10,975,579,288 10,975,579,288 10,976,920,226
Revaluation & amortization reserve 17(a) 299,005,028 2,023,740,474 1,027,274,722

Retained surplus/(deficit) 18(a).1 (1,660,345,708) (3,511,000,080) (3,511,951,864)
Foreign currency translation reserve 19 40,831,041 44,078,101 34,430,737
Minority interest 20 4,074 3,687 2,389
Total Shareholders’ Equity 40,783,950,287 40,312,529,658 39,294,117,135
Total Liabilities and Shareholders’ Equity 1,198,281,713,363 1,095,506,078,839 856,463,192,299

Agrani Bank Limited
Consolidated Off-Balance Sheet Items
Amount in BDT
Notes 31-Dec-2021 31-Dec-2020
Contingent Liabilities:
Acceptances and endorsements 303,566,848,519 272,448,819,224
Letters of guarantee 21.1(a) 13,532,577,713 9,629,897,113
Letters of credit 21.2(a) 211,923,219,516 200,151,504,116
Bills for collection 21.3(a) 71,286,025,109 55,259,044,914
Other contingent liabilities 21.4(a) 6,825,026,181 7,408,373,081
Other commitments: - -
Documentary credit and short term trade-related transactions - -
Liability on account of outstanding forward exchange contract - -
Forward assets purchased and forward deposits placed - -
Undrawn note issuance and revolving underwriting facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
Total Off-Balance Sheet Items 303,566,848,519 272,448,819,224
These financial statements should be read in conjunction with the annexed notes 1 to 53.
(MUHAMMED DIDARUL ISLAM FCA) (MOHAMMAD SHAMS-UL ISLAM)

General Manager & CFO Managing Director & CEO
(MD. SHAHADAT HOSSAIN FCA) (MAFIZ UDDIN AHMED) (DR. ZAID BAKHT)
Director Director Chairman


ICAB Enrollment Number: 1259 ICAB Enrolment Number: 0337
DVC:2205161259AS799818 DVC : 2205160337AS332542
Dated, Dhaka
30 April, 2022

Agrani Bank Limited
Consolidated Profit and Loss Account
For the year ended 31 December 2021
Amount in BDT
2020
Notes 2021
Restated
Operating income
Interest and Revenue income 23(a) 35,214,475,212 31,205,820,830
Interest paid on deposits, borrowings etc. 24(a) (42,657,839,282) (31,397,219,578)
Net interest income (7,443,364,070) (191,398,748)
Investment income 25(a) 24,175,713,147 18,074,733,143
Commission, exchange earnings and brokerage 26(a) 6,922,263,120 5,275,912,923
Other operating income 27(a) 1,511,680,500 1,559,459,951
32,609,656,767 24,910,106,017
Total operating income 25,166,292,697 24,718,707,269
Operating expenses
Salary and allowances 28(a) 11,932,529,016 11,714,601,034
Rent, taxes, insurance, electricity etc. 29(a) 1,129,618,223 1,070,282,715
Legal expenses 30(a) 15,244,750 15,249,577
Postage, stamp, telecommunication etc. 31(a) 293,874,148 314,091,430
Stationery, printing, advertisement etc. 32(a) 204,438,448 177,871,299
Chief Executive’s salary and allowances 33(a) 7,310,000 7,038,397
Directors’ fees 34(a) 10,970,740 9,345,474
Auditors’ fees 35(a) 5,461,539 6,034,089
Depreciation and repair of bank’s assets 36(a) 1,664,877,782 1,358,745,351
Other expenses 37(a) 2,507,355,779 3,180,033,641
Total operating expenses 17,771,680,425 17,853,293,007
Profit/(Loss) before provision & tax 7,394,612,272 6,865,414,262
Provision for loans and advances 38(a) 1,271,224,755 1,027,860,914
Provision for diminution in the value of Investments 39(a).1 161,449,835 104,622,344
Other provision 39(a).2 3,412,732,289 3,212,644,547
Total provision 4,845,406,879 4,345,127,805
Net profit/(loss) before Tax 2,549,205,393 2,520,286,457
Provision for Tax
Current Tax 40 1,050,769,761 1,314,180,727
Prior Year Tax - 8,076,265
Deferred Tax 41 (599,651,279) 1,231,797,765
451,118,482 2,554,054,757
Net profit/(loss) after Tax 2,098,086,911 (33,768,300)
Retained earnings brought forward from previous years (3,511,000,080) (3,511,951,864)
Net effect of all items directly recognized in Equity-retained earnings 115,064,989 (2,391,618,599)
(1,297,848,180) (5,937,338,763)
Appropriation:
Statutory reserve 348,748,376 12,687,264
Minority Interest 387 1,298
Unrealised gain on securities - (2,439,027,245)
Start-up fund 13,748,765 -
362,497,528 (2,426,338,683)
Retained surplus/(deficit) 18(a).1 (1,660,345,708) (3,511,000,080)
Earnings Per Share (EPS) 13.3(a) 10.12 (0.16)

Ziaur Rahman Zia, FCA

Masih Malik Chowdhury, FCA
Engagement Partner
Engagement Partner
ICAB Enrollment Number: 1259
ICAB Enrolment Number: 0337
Dated, Dhaka DVC:2205161259AS799818
DVC : 2205160337AS332542
30 April, 2022

Agrani Bank Limited
Consolidated Statement of Changes in Equity
Amount in BDT
Attributable to Shareholders of Agrani Bank Limited

Revaluation & Minority
Particulars Foreign Total
Paid up Statutory General Asset Revalua- Retained Interest

Amortization Risk Fund Currency Translation Total
Capital Reserve Reserve tion Reserve Surplus Reserve
Reserve
Balance as at 01 January 2021 20,722,940,400 2,023,740,474 9,353,901,189 603,286,599 100,000,000 10,975,579,288 (3,511,000,080) 44,078,101 40,312,525,971 3,687 40,312,529,658
Adjustment during the year: -
Surplus of Amortization of Securities (HTM) - - - - - - - - - - -
Revaluation reserve on investment in Govt. Securities (HFT) - - - - - - - - - - -
Statutory reserve - - -
Retained surplus - - - - - - 115,064,989 - 115,064,989 - 115,064,989
Restated Balance 20,722,940,400 2,023,740,474 9,353,901,189 603,286,599 100,000,000 10,975,579,288 (3,395,935,091) 44,078,101 40,427,590,960 3,687 40,427,594,647
Amortization of Securities (HTM) - (336,194,558) - - - - - - (336,194,558) - (336,194,558)
Revaluation reserve on investment in Govt. Securities (HFT) - (5,662,934,428) - - - - - - (5,662,934,428) - (5,662,934,428)
Reserve transferred to retained earning from assets revaluation reserve - - - - - - - - - - -
Held to Maturity (HTM) - 184,787,624 - - - - - - 184,787,624 - 184,787,624
Held for Trading (HFT) - 4,089,605,916 - - - - - - 4,089,605,916 - 4,089,605,916
Net gains and losses not recognized in the income statement - - - - - - (387) (3,247,060) (3,247,447) 387 (3,247,060)
Issue of share capital - - - - - - - - - - -
Transfer from loan & other provision - - - - - - - - - - -
Net profit for the year - - - - - - 2,098,086,911 - 2,098,086,911 - 2,098,086,911
Statutory reserve - - 348,748,376 - - - (348,748,376) - - - -
Start-up fund 2020 - - -
Start-up fund 2021 - - - - - - (13,748,765) - (13,748,765) - (13,748,765)
Unrealised gain on securities - - - - - - - - - - -
Balance as at 31 December 2021 20,722,940,400 299,005,028 9,702,649,565 603,286,599 100,000,000 10,975,579,288 (1,660,345,708) 40,831,041 40,783,946,213 4,074 40,783,950,287
Balance as at 31 December 2020 20,722,940,400 2,023,740,474 9,353,901,189 603,286,599 100,000,000 10,975,579,288 (3,511,000,080) 44,078,101 40,312,525,971 3,687 40,312,529,658

Dated, Dhaka Director Director Chairman
30 April, 2022
Agrani Bank Limited
Consolidated Cash Flow Statement
Amount in BDT
Notes 2021 2020

A. Cash flows from operating activities
Interest receipts in cash 42(a) 35,136,490,032 31,459,839,629
Interest payments 43(a) (40,011,129,524) (29,957,521,660)
Dividend receipts 487,998,678 3,327,331,104
Fees and commission receipts 4,378,511,957 4,890,358,781
Recovery of loans previously written off 543,850,477 440,715,331
Income from Investment 23,584,555,138 16,706,957,522
Cash payments to employees (11,939,738,492) (11,721,727,553)
Cash payments to suppliers (162,415,634) (143,881,340)
Income taxes paid (2,617,899,457) (2,143,875,811)
Receipts from other operating activities 44(a) 1,419,885,896 1,545,162,659
Payments for other operating activities 45(a) (3,974,131,421) (5,078,178,598)
Operating profit/(loss) before changing in operating assets and liabilities 6,845,977,650 9,325,180,064
(Increase)/decrease in operating assets and liabilities
Statutory Deposits - -
Purchase/sale of trading securities (8,957,906,036) (68,906,079,130)
Loans & Advances to other banks - -
Loans & Advances to customers (80,295,212,745) (53,256,325,498)
Other assets (773,542,606) (572,755,398)
Deposits from other banks 13,043,294,277 31,976,082,531
Deposits from customers 74,945,927,719 197,770,570,824
Other liabilities account of customers - -
Trading liabilities - -
Other liabilities 2,525,156,556 (1,345,048,013)
487,717,165 105,666,445,316
Net cash from operating activities (A) 7,333,694,815 114,991,625,380
B. Cash flows from investing activities
Proceeds from sale of securities 3,001,408,930,104 429,209,759,384
Payments for purchase of securities (3,085,581,360,870) (463,237,366,682)
Purchase/sale of property, plant & equipment (205,749,662) (291,760,637)
Purchase/sale of subsidiary - -
Net cash from investing activities (B) (84,378,180,428) (34,319,367,935)
C. Cash flows from financing activities
Receipts from issue of loan capital & debt security (1,400,000,000) (1,200,000,000)
Payments for redemption of loan capital & debt security - -
Receipts from/Payments to other borrowings 2,560,080,027 (3,314,951,866)
Receipts from issue of ordinary share - -
Dividends paid - -
Net cash from financing activities (C) 1,160,080,027 (4,514,951,866)
Net increase in cash and cash equivalents (A+B+C) (75,884,405,586) 76,157,305,579
Effect of exchange rate change on cash and cash equivalent 2,381,242,568 1,636,861,624
Cash and cash equivalents at the beginning of the year 193,237,877,110 115,443,709,907
Cash and cash equivalents at the end of the year 47 119,734,714,092 193,237,877,110

Dated, Dhaka
30 April, 2022

Agrani Bank Limited
Consolidated Liquidity Statement
(Asset and Liability Maturity Analysis)
Amount in BDT
Up to 01 month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total

Assets:
Cash in hand 8,499,880,770 - - - 37,313,916,962 45,813,797,732
Balance with other banks and financial institutions 9,183,016,160 40,754,597,503 12,927,387,697 - - 62,865,001,360
Money at call and short notice 11,040,000,000 - - - - 11,040,000,000
Investment 8,379,276,923 62,917,643,124 89,491,624,995 119,888,510,448 118,099,662,853 398,776,718,343
Loans and advances 30,552,020,155 39,085,612,081 164,497,620,858 202,775,760,970 160,907,589,135 597,818,603,199
Fixed assets including land, furniture and fixtures - - - - 15,697,408,347 15,697,408,347
Other assets - - - - 65,839,731,385 65,839,731,385
Non-banking assets - - - - 430,452,997 430,452,997
Total Assets 67,654,194,008 142,757,852,708 266,916,633,550 322,664,271,418 398,288,761,679 1,198,281,713,363
Liabilities:
Borrowing from Bangladesh Bank, other banks, financial institutions 1,318,524,238 4,893,430,913 5,045,763,038 215,159,043 - 11,472,877,232
Subordinated debt - - - 4,400,000,000 - 4,400,000,000
Deposits and other accounts 46,545,368,436 131,634,533,483 256,773,245,849 309,338,133,730 264,406,987,353 1,008,698,268,851
Provision and other liabilities 5,441,141,744 - - - 127,485,475,249 132,926,616,993
Total Liabilities 53,305,034,418 136,527,964,396 261,819,008,887 313,953,292,773 391,892,462,602 1,157,497,763,076
Net Liquidity Gap 14,349,159,590 6,229,888,312 5,097,624,663 8,710,978,645 6,396,299,077 40,783,950,287
Net result of the Liquidity Statement represents the Shareholders’ Equity of the Bank.

30 April, 2022
Agrani Bank Limited
Balance Sheet
Amount in BDT
31-Dec-2020 01-Jan-2020
Notes 31-Dec-2021
Restated Restated
PROPERTY & ASSETS

Cash: 03 45,774,772,079 111,440,334,861 45,176,713,081
Cash in hand (including foreign currencies) 8,499,880,770 5,602,554,266 5,568,685,401
Balance with Bangladesh Bank and its agent bank (including 37,274,891,309 105,837,780,595 39,608,027,680
foreign currencies)
Balance with Other Banks and Financial Institutions: 04 62,520,692,311 58,206,611,731 69,347,615,845
In Bangladesh 53,544,234,205 47,665,727,105 60,705,747,553
Outside Bangladesh 8,976,458,106 10,540,884,626 8,641,868,292
Money at Call and Short Notice 05 11,040,000,000 23,190,000,000 530,000,000
Investments: 06 390,330,590,972 296,209,321,197 199,676,488,412

Government 304,502,796,766 209,264,167,847 118,417,287,345
Others 85,827,794,206 86,945,153,350 81,259,201,067
Loans and advances: 07 597,902,850,487 519,440,838,024 465,827,129,638

Loans, cash credit & overdraft etc. 592,000,490,993 515,302,163,037 461,182,740,403
Bills discounted and purchased 5,902,359,494 4,138,674,987 4,644,389,235
Fixed assets
08 15,617,824,744 15,878,154,493 14,597,911,041
Other Assets 09 71,391,494,638 68,299,879,700 58,362,684,859
Non-banking Assets 9.7 430,452,997 430,452,997 412,754,628
Total Assets 1,195,008,678,228 1,093,095,593,003 853,931,297,504
LIABILITIES & CAPITAL

Liabilities:
Borrowings from Other Banks, Financial
10 11,454,749,732 8,912,797,205 11,587,700,882
Institutions and Agents
Subordinated debt 10.5 4,400,000,000 5,800,000,000 7,000,000,000
Deposit and Other Accounts: 11 1,008,643,899,308 920,654,677,312 692,243,331,687

Current deposits & other accounts 236,063,731,612 258,636,387,050 175,305,761,135
Bills payable 13,301,382,276 9,830,029,826 9,251,661,857
Savings bank deposits 267,448,580,822 234,881,742,035 203,618,624,785
Fixed deposits 491,830,204,598 417,306,518,401 304,067,283,910
Other Liabilities 12 129,939,314,512 116,927,569,796 101,168,949,332
Total Liabilities 1,154,437,963,552 1,052,295,044,313 811,999,981,901
Capital/Shareholders’ Equity:
Paid-up capital 13.2 20,722,940,400 20,722,940,400 20,722,940,400
Reserve: 21,236,310,260 20,902,889,209 20,904,230,147

Statutory reserve 14 9,612,175,637 9,278,754,586 9,278,754,586
General reserve 15 548,555,335 548,555,335 548,555,335
Risk fund 15.1 100,000,000 100,000,000 100,000,000
Asset revaluation reserve 16 10,975,579,288 10,975,579,288 10,976,920,226
Revaluation & amortization reserve 17 299,005,028 2,023,740,474 1,027,274,722

Retained surplus/(deficit) 18 (1,687,541,012) (2,849,021,393) (723,129,666)
Total Shareholders’ Equity 40,570,714,676 40,800,548,690 41,931,315,603
Total Liabilities and Shareholders’ Equity 1,195,008,678,228 1,093,095,593,003 853,931,297,504

Agrani Bank Limited
Off Balance Sheet
Amount in BDT
Notes 31-Dec-2021 31-Dec-2020
Contingent Liabilities:
Acceptances and endorsements 21 303,566,848,519 272,448,819,224

Letters of guarantee 21.1 13,532,577,713 9,629,897,113
Letters of credit 21.2 211,923,219,516 200,151,504,116
Bills for collection 21.3 71,286,025,109 55,259,044,914
Other contingent liabilities 21.4 6,825,026,181 7,408,373,081
Other commitments: - -
Documentary credit and short term trade-related transactions - -
Liability on account of outstanding forward exchange contract - -
Undrawn formal standby facilities, credit lines and other - -
commitments
Total Off-Balance Sheet Items 303,566,848,519 272,448,819,224



ICAB Enrollment Number: 1259 ICAB Enrolment Number: 0337
DVC:2205161259AS799818 DVC : 2205160337AS332542
Dated, Dhaka
30 April, 2022

Agrani Bank Limited
Amount in BDT
Notes 2021 2020
Operating income
Interest and revenue income 23 35,036,431,254 31,189,648,559
Interest paid on deposits, borrowings etc. 24 (42,656,660,423) (31,400,038,562)
Net interest income (7,620,229,169) (210,390,003)
Investment income 25 23,400,396,136 17,759,255,473
Commission, exchange earnings and brokerage 26 6,735,201,034 5,168,032,684
Other operating income 27 1,449,643,558 1,486,553,564
31,585,240,728 24,413,841,721
Total Operating Income 23,965,011,559 24,203,451,718
Operating expenses
Salary and allowances 28 11,769,367,410 11,557,698,078
Rent, taxes, insurance, electricity etc. 29 1,118,514,354 1,058,753,808
Legal expenses 30 12,473,403 13,104,308
Postage, stamp, telecommunication etc. 31 291,256,148 310,873,850
Stationery, printing, advertisement etc. 32 200,587,326 174,208,597
Chief Executive’s salary and allowances 33 5,350,000 6,441,301
Directors’ fees 34 5,547,137 4,287,482
Auditors’ fees 35 4,344,000 4,044,000
Depreciation, Amortization and Repair of bank’s assets 36 1,625,492,910 1,317,162,661
Other expenses 37 2,450,791,492 3,134,807,088
Total operating expenses 17,483,724,180 17,581,381,173
Profit/(Loss) before provision & tax 6,481,287,379 6,622,070,545
Provision for loans and advances 38 1,250,000,000 1,019,364,168

Provision for diminution in the value of Investments 39 161,449,835 104,622,344
Other provision 39.1 3,402,732,289 3,202,644,547
Total provision 4,814,182,124 4,326,631,059
Net profit/(loss) before Tax 1,667,105,255 2,295,439,486
Provision for Tax
Current Tax 12.4 892,183,478 1,204,157,449
Deferred Tax 9.4 (599,954,770) 1,231,912,019
292,228,708 2,436,069,468
Net profit/(loss) after Tax 1,374,876,547 (140,629,982)
Retained earnings brought forward from previous years (2,849,021,393) (723,129,666)
Net effect of all items directly recognized in Equity-retained earnings 18.1 133,773,650 (1,985,261,745)
(1,340,371,196) (2,849,021,393)
Appropriation:
Statutory reserve 14 333,421,051 -
Start-up fund 13,748,765 -
347,169,816 -
Retained surplus/(deficit) 18 (1,687,541,012) (2,849,021,393)
Earnings Per Share (EPS) 13.3.2 6.63 (0.68)

Ziaur Rahman Zia, FCA

Masih Malik Chowdhury, FCA
Engagement Partner
Engagement Partner
ICAB Enrollment Number: 1259
ICAB Enrolment Number: 0337
Dated, Dhaka DVC:2205161259AS799818
DVC : 2205160337AS332542
30 April, 2022

Agrani Bank Limited
Statement of Changes in Equity
Amount in BDT
Revaluation &
Paid up Statutory General Asset Revaluation Retained
Particulars Amortization Risk Fund Total
Capital Reserve Reserve Reserve Surplus
Reserve

Balance as at 01, January 2021 20,722,940,400 2,023,740,474 9,278,754,586 548,555,335 100,000,000 10,975,579,288 (2,849,021,393) 40,800,548,690
Adjustment during the year:
Surplus of Amortization of Securities (HTM) - - - - - - - -
Revaluation reserve on investment in Govt. - - - - - - - -
Securities (HFT)
Retained surplus - - - - - - 133,773,650 133,773,650
Restated balance 20,722,940,400 2,023,740,474 9,278,754,586 548,555,335 100,000,000 10,975,579,288 (2,715,247,743) 40,934,322,340
Amortization of Securities (HTM) - (336,194,558) - - - - - (336,194,558)
Revaluation reserve on investment in Govt. - (5,662,934,428) (5,662,934,428)
Securities (HFT)
Surplus on account of revaluation of investments in - -
Approved Securities:
Held to Maturity (HTM) (Note-17) - 184,787,624 - - - - - 184,787,624
Held for Trading (HFT) (Note-17) - 4,089,605,916 - - - - - 4,089,605,916
Issue of Share Capital ( Right Share ) - - - - - - - -
Transfer from loan & other provision - - - - - - - -
Net profit for the year - - - - - - 1,374,876,547 1,374,876,547
General reserve - - - - - - - -
Start-up fund 2021 - - - - - - (13,748,765) (13,748,765)
Statutory Reserve - - 333,421,051 - - - (333,421,051) -
Balance as at December 31, 2021 20,722,940,400 299,005,028 9,612,175,637 548,555,335 100,000,000 10,975,579,288 (1,687,541,012) 40,570,714,676
Balance as at December 31, 2020 20,722,940,400 2,023,740,474 9,278,754,586 548,555,335 100,000,000 10,975,579,288 (2,849,021,393) 40,800,548,690

30 April, 2022
Agrani Bank Limited
Cash Flow Statement
Amount in BDT
Notes 2021 2020

Interest receipts in cash 42 34,958,446,074 31,443,667,358
Interest payments 43 (40,009,950,665) (29,960,340,644)
Dividend receipts 287,837,645 3,177,177,829
Fees and commission receipts 4,191,449,871 4,782,478,542
Recovery of loans previously written off 543,850,477 440,715,331
Income from Investment 23,398,830,500 16,741,369,701
Cash payment to employees (11,774,616,886) (11,564,227,501)
Cash payments to suppliers (158,564,512) (147,544,042)
Income taxes paid (2,518,080,547) (2,138,677,339)
Receipts from other operating activities 44 1,357,848,954 1,472,256,272
Payments for other operating activities 45 (3,854,275,354) (4,967,876,252)
Operating profit/(loss) before changing in operating assets and liabilities 6,422,775,557 9,278,999,255
(Increase)/decrease in operating assets and liabilities
Statutory Deposits - -
Purchase/sale of trading securities (10,289,380,922) (68,825,971,900)
Loans & Advances to other banks - -
Loans & Advances to customers (78,462,012,463) (53,613,708,386)
Other assets (924,602,119) (509,040,980)
Deposits from other banks 13,043,294,277 31,976,082,531
Other liabilities account of customers - -
Trading liabilities - -
Other liabilities 2,605,208,341 (511,874,195)
918,434,833 106,286,057,894
Net cash from operating activities (A) 7,341,210,390 115,565,057,149

Proceeds from sale of securities 3,001,408,930,104 429,209,759,384
Payments for purchase of securities (3,085,581,360,870) (463,237,366,682)
Purchase/sale of property, plant & equipment (192,058,621) (178,581,202)
Purchase/sale of subsidiary - -
Net cash from investing activities (B) (84,364,489,387) (34,206,188,500)

Receipts from issue of loan capital & debt security (1,400,000,000) (1,200,000,000)
Payments for redemption of loan capital & debt security - -
Receipts from/Payments to other borrowings 2,541,952,527 (4,010,211,407)
Receipts from issue of ordinary share - -
Dividends paid - -
Net cash from financing activities (C) 1,141,952,527 (5,210,211,407)
Net increase in cash and cash equivalents (A+B+C) (75,881,326,470) 76,148,657,242
Effect of exchange rate change on cash and cash equivalent 2,381,242,568 1,636,861,624
Cash and cash equivalents at the beginning of the year 192,851,463,292 115,065,944,426
Cash and cash equivalents at the end of the year 46 119,351,379,390 192,851,463,292

Dated, Dhaka
30 April, 2022

Agrani Bank Limited
Liquidity Statement
(Asset and Liability Maturity Analysis)
Amount in BDT
Up to 01 month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total
Assets:
8,499,880,770 - - - 37,274,891,309 45,774,772,079

Cash in hand
Balance with other banks and financial institutions 8,976,458,106 40,754,597,503 12,789,636,702 - - 62,520,692,311
Money at call and short notice 11,040,000,000 - - - - 11,040,000,000
Investment 15,915,000 62,917,643,124 89,491,624,995 119,805,745,000 118,099,662,853 390,330,590,972
Loans and advances 30,636,267,443 39,085,612,081 164,497,620,858 202,775,760,970 160,907,589,135 597,902,850,487
Fixed assets including land, furniture and fixtures - - - - 15,617,824,744 15,617,824,744
Other assets - - - - 71,391,494,638 71,391,494,638
Non-banking assets - - - - 430,452,997 430,452,997
Total Assets 59,168,521,319 142,757,852,708 266,778,882,555 322,581,505,970 403,721,915,676 1,195,008,678,228
Liabilities:
Borrowing from Bangladesh Bank, Other banks, financial 1,318,524,238 4,893,430,913 5,027,635,538 215,159,043 - 11,454,749,732
institutions and agents
Subordinated debt - - - 4,400,000,000 - 4,400,000,000
Deposits and other accounts 46,545,368,436 131,634,533,483 256,718,876,306 309,338,133,730 264,406,987,353 1,008,643,899,308
Provision and other liabilities 5,441,141,744 - - - 124,498,172,768 129,939,314,512
Total Liabilities 53,305,034,418 136,527,964,396 261,746,511,844 313,953,292,773 388,905,160,121 1,154,437,963,552
Net Liquidity Gap 5,863,486,901 6,229,888,312 5,032,370,711 8,628,213,197 14,816,755,555 40,570,714,676
Net result of the Liquidity Statement represents the Shareholders’ Equity of the Bank.

30 April, 2022
Agrani Bank Limited
Notes to the Financial Statements
As at and for the year ended 31 December 2021
1. BACKGROUND INFORMATION
1.1 Establishment and status of the Bank
Agrani Bank Limited (the “Bank”) has been incorporated as a Public Limited Company on May 17, 2007 Vide
Certificate of Incorporation No. C-66888 (4380)/07. The Bank has taken over the business of Agrani Bank
(emerged as a Nationalized Commercial Bank in 1972, pursuant to Bangladesh Bank (Nationalization) Order No.
1972 (P.O. # 26 of 1972) on a going concern Basis through a Vendor Agreement signed between the Ministry
of Finance of the Peoples’ Republic of Bangladesh on behalf of Agrani Bank and the Board of Directors on
behalf of Agrani Bank Limited on November 15, 2007 with a retrospective effect from July 01, 2007. The Bank’s
current shareholdings comprise Government of the Peoples’ Republic of Bangladesh and 07 (Seven) other
shareholders nominated by the Government. The Bank has 962 branches and 15 windows that are working
under Islamic Banking Unit complying with the rules of Islamic Shariah.
1.2 Nature of Business
1.2.1 Conventional Banking
The principal activities of the bank are to provide all kinds of commercial banking services to its customers
through its branches and SME Centers and electronic delivery channels in Bangladesh.
1.2.2 Islamic Banking Unit
The Bank obtained the Islamic Banking Unit permission vide letter no. BRPD(P-3)745(3)/2009-2567 dated July
22, 2009. The Bank commenced operation of its 05 (Five) Islamic windows on February 28, 2010. Now, there
are 15 Islamic Banking Windows operating in different locations in the country. The Islamic Banking Windows
are governed under the rules and guidelines of Bangladesh Bank. The principal activities of the windows are to
provide all kinds of Islamic Commercial Banking services to its customers.
1.2.3 Off-shore Banking Unit
The Bank obtained the Off-shore Banking Unit permission vide letter no # BRPD (P-3)744(27)/2013-1993
dated December 03, 2013. The Off-shore Banking Unit is a separate Banking Unit of Agrani Bank Limited,
operates its business through separate counter. The Off-shore Banking Unit is governedunder the rules and
guidelines of Bangladesh Bank. The Bank commenced the operation of its Off-shore Banking Unit with effect
from the year 2013. The Unit is located at Chittagong EPZ Branch, Chittagong. Separate financial statements of
Off-shore Banking Unit are also prepared.
1.3 Subsidiaries of the Bank
The financial statements of subsidiaries which are included in the consolidated financial statements of the
Group have been prepared using uniform accounting policies of the Bank (Parent) for transactions and other
events of similar nature. There is no significant restriction on the ability of subsidiaries to transfer funds to the
parent in the form of cash dividends or to repay loans and advances. The Bank has 06 (Six) subsidiaries out of
which Agrani Equity and Investment Limited & Agrani SME Financing Company Limited have been incorporated
in Bangladesh and other four subsidiaries- Agrani Exchange House Private Limited incorporated in Singapore,
Agrani Remittance House SDN, BHD. incorporated in Malaysia, Agrani Exchange Company (Australia) Pty
Limited incorporated in Australia and Agrani Remittance House Canada, Inc. incorporated in Canada.
1.3.1 Agrani Exchange House Private Limited, Singapore
Agrani Exchange House Private Limited is a limited liability company incorporated and domiciled in the Republic
of Singapore with the Registration No. 200200048D whose registered office and principal place of business
is located at 5A Lembu Road Singapore 208444. The Company is a wholly-owned subsidiary of Agrani Bank
Limited, a fully state owned bank of Bangladesh, which is also the Company’s ultimate holding company. The
principal activities of the Company are to carry on the remittance business and to undertake and participate
in any or all transactions, activities and operations commonly carried on or undertaken by remittance and
exchange houses.
1.3.2 Agrani Remittance House SDN. BHD., Malaysia
The Company is a private limited liability company, incorporated and domiciled in Malaysia with the Registration
No. 706823-M whose registered office is located at Suite 13.01, 13th Floor, Tower Block Plaza Pekeliling, Jalan
Tun Razak, 50400 Kuala Lumpur, Malaysia. The Company is a wholly-owned subsidiary of Agrani Bank Limited,
a fully state-owned bank of Bangladesh, which is also the Company’s ultimate holding company. The principal
activity of the Company is that of providing remittance services to legal Bangladeshi expatriates working in
Malaysia.

Agrani Bank Limited
1.3.3 Agrani Equity and Investment Limited
The Company is a public limited registered under the Companies Act 1994. The Company was incorporated
in Bangladesh on 16 March 2010 with Certificate of Incorporation No. C-8357/10 whose registered office is
located at 9/D, Dilkusha, Motijheel, Dhaka-1000, Bangladesh. The Company is a wholly-owned subsidiary of
Agrani Bank Limited, a fully state-owned bank of Bangladesh, which is also the Company’s ultimate holding
company. The principal activities of the Company comprise merchant banking, portfolio management, issue
management and underwriting.
1.3.4 Agrani SME Financing Company Limited
The Company has been incorporated as a public limited company on 27 October, 2010 vide certificate
of incorporation No. C- 87827/10. The company has taken over the ongoing work of Small Enterprise
Development Project (A Norway and Agrani bank funded Project of Ministry of Finance, Bangladesh) on a going
concern Basis through a Vendor's Agreement signed between the Ministry of Finance of the People's Republic
of Bangladesh, the Board of Directors on behalf of the Agrani Bank Limited and the Board of Directors on behalf
of the Agrani SME Financing Company Limited on 27 December, 2011. The principal activities of the Company
are providing support to Small and Medium Enterprises all over the country through training program on limited
Basis and providing loan to the customers.
1.3.5 Agrani Exchange Company (Australia) Pty. Limited
The Company is a private limited liability company, incorporated and domiciled in Australia with the Corporation
No. 154851546 whose registered office is located at 301 Castlereagh Street, Sydney NSW 2000. The
Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully state owned bank of Bangladesh, which
is also the Company’s ultimate holding company. The principal activity of the Company is that of providing
remittance services to Bangladeshi expatriates working in Australia. On 25 July 2016, the directors of Agrani
Exchange Company (Australia) Pty. Limited resolved that the business operation of the Company be terminated
and the Company be wound up. Liquidation of Agrani Exchange Company (Australia) Pty. is under process.
1.3.6 Agrani Remittance House Canada, Inc.
Agrani Remittance House Canada, Inc. is a limited liability company incorporated and domiciled in Canada with
the Corporation No. 819190-5 whose registered office is located at 2962Danforth avenue, East York, Toronto
on M4C 1M6. The Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully state-owned bank of
Bangladesh, which is also the Company’s ultimate holding company. The principal activities of the Company are
to carry on the remittance business and to undertake and participate in any or all transactions, activities and
operations commonly carried on or undertaken by remittance and exchange houses.
2. Basis of Preparation and Significant Accounting Policies
Separate and Consolidated Financial Statements
The separate financial statements of the Bank as at and for the year ended 31 December 2021 comprise
those of Domestic Banking (main operation including Conventional Banking and Islamic banking) and Offshore
Banking operations, and the consolidated financial statements of the group comprise those of 'the Bank'
(parent company) and its subsidiaries (together referred to as 'the group' and individually referred to as 'group
entities/subsidiaries').
2.1 Statement of compliance
The consolidated and separate financial statements of the Group and the Bank have been prepared in
accordance with International Financial Reporting Standards (IFRSs) as adopted by the the Financial Reporting
Council (FRC) under the Financial Reporting Act, 2015 (FRA) and the requirements of the Banking Companies
Act, 1991 (as amended up to date), the rules and regulations issued by Bangladesh Bank (BB), the Companies
Act 1994. In case any requirement of the Banking Companies Act, 1991 (as amended up to date), and
provisions and circulars issued by Bangladesh Bank differ with those of IFRSs, the requirements of the Banking
Companies Act 1991 (as amended up to date), and provisions and circulars issued by Bangladesh Bank shall
prevail. The Bank has also complied with the requirements of following laws & regulations, as relevant:

Agrani Bank Limited
i) The Bank Company Act 1991(as amended up to date)

ii) The Companies Act, 1994
iii) Rules, regulations and circulars issued by the Bangladesh Bank from time to time
iv) The Income Tax Ordinance 1984
v) The Income Tax Rules 1984
vi) Value Added Tax and Supplementary Duty Act 2012
vii) Value Added Tax and Supplementary Duty Rules 2016
viii) International Financial Reporting Standards (IFRS)
However, material departures from the requirements of IFRSs are as follows:
(a) Presentation of financial statements
IFRS:
As per IAS 1 Presentation of financial statements, financial statements shall comprise a statement of
financial position as at the end of the period, a statement of profit or loss and other comprehensive
income for the period, a statement of changes in equity for the period, a statement of cash flows for the
period, notes - comprising significant accounting policies and other explanatory information. As per IAS
1, the entity shall also present current and non-current assets and liabilities as separate classifications in
its statement of financial position.
Bangladesh Bank:
The presentation of the financial statements in prescribed format (i.e. balance sheet, profit and
loss account, cash flow statement, statement of changes in equity, liquidity statement) and certain
disclosures therein are guided by the First Schedule (section 38) of the Banking Companies Act 1991
(as amendment up to date) and BRPD circular no. 14 dated 25 June 2003 and subsequent guidelines
of Bangladesh Bank. In the prescribed format there is no option to present assets and liabilities under
current and non-current classifications.
(b) Investments in shares and securities
IFRS:
As per requirements of IFRS 9, classification and measurement of investment in shares and securities
will depend on how these are managed (the entity's business model) and their contractual cash flow
characteristics. Based on these factors it would generally fall either under "at fair value through profit
or loss account" or under "at fair value through other comprehensive income" where any change in the
fair value (as measured in accordance with IFRS 13) at the year-end is taken to profit and loss account or
other comprehensive income respectively.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003 investments in quoted shares and unquoted shares
are revalued at the year end at market price and as per book value of last audited balance sheet
respectively. Provision should be made for any loss arising from diminution in value of investment;
otherwise investments are recognized at cost.
(c) Revaluation gain/loss on Government securities
IFRS:
As per requirement of IFRS 9 where securities will fall under the category of fair value through profit or
loss account, any change in the fair value of assets is recognized through the profit and loss account.
Securities designated as amortized cost are measured at effective interest rate method and interest
income is recognized through the profit and loss account.
Bangladesh Bank:
HFT securities are revalued on the Basis of mark to market and at year end any gains on revaluation
of securities which have not matured as at the balance sheet date are recognized in other reserves as

Agrani Bank Limited
a part of equity and any losses on revaluation of securities which have not matured as at the balance
sheet date are charged in the profit and loss account. Interest on HFT securities including amortization
of discount are recognized in the profit and loss account. HTM securities which have not matured as at
the balance sheet date are amortized at the year end and gains or losses on amortization are recognized
in other reserve as a part of equity.
(d) Provision on loans and advances
IFRS:
As per IFRS 9 an entity shall recognize an impairment allowance on loans and advances based on
expected credit losses. At each reporting date, an entity shall measure the impairment allowance
for loans and advances at an amount equal to the lifetime expected credit losses if the credit risk on
these loans and advances has increased significantly since initial recognition whether assessed on an
Individual or collective basis considering all reasonable information, including that which is forward-
looking. For those loans and advances for which the credit risk has not increased significantly since
initial recognition, at each reporting date, an entity shall measure the impairment allowance at an
amount equal to 12 month expected credit losses that may result from default events on such loans and
advances that are possible within 12 months after reporting date.
Bangladesh Bank:
As per Bangladesh Bank instructions vide different circulars, a general provision @ 0.25% to 2% under
different categories of unclassified loans (standard/SMA loans) and special general provision for
Covid-19 @ 1% on PBD (Payment by deferral) facilitated accounts, should be maintained regardless
of objective evidence of impairment. And specific provision for sub-standard/doubtful/bad-loss loans
should be made at 5%, 20%, 50% and 100% respectively on loans net off eligible securities (if any).
Also, a general provision @ 0.5% - 1% should be provided for certain off-balance sheet exposures. Such
provision policies are not specifically in line with those prescribed by IFRS 9.
(e) Recognition of interest in suspense
IFRS:
Loans and advances to customers are generally classified at amortized cost as per IFRS 9 and interest
income is recognized by using the effective interest rate method to the gross carrying amount over the
term of the loan. Once a loan subsequently become credit-impaired, the entity shall apply the effective
interest rate to the amortized cost of these loans and advances.
Bangladesh Bank:
As per BRPD circular no. 14 dated 23 September 2012, once a loan is classified, interest on such loans
are not allowed to be recognized as income, rather the corresponding amount needs to be credited to an
interest in suspense account, which is presented as liability in the balance sheet.
(f) Other comprehensive income
IFRS:
As per ‘IAS 1- Presentation of Financial Statements’, Other Comprehensive Income (OCI) is a component
of financial statements or the elements of OCI are to be included in a single Other Comprehensive
Income statement.
Bangladesh Bank:
Bangladesh Bank has issued templates for financial statements which are to be followed by all banks.
The templates of financial statements issued by Bangladesh Bank do not include Other Comprehensive
Income nor are the elements of Other Comprehensive Income allowed to be included in a single Other
Comprehensive Income (OCI) Statement. As such the Bank does not prepare the other comprehensive
income statement. However, elements of OCI, if any, are shown in the statements of changes in equity.
(g) Financial instruments - presentation and disclosure
In several cases Bangladesh Bank guidelines categories, recognize, measure and present financial
instruments differently from those prescribed in IFRS 9. As such full disclosure and presentation
requirements of IFRS 7 and IAS 32 cannot be made in the financial statements.

Agrani Bank Limited
(h) Financial guarantees

IFRS:
As per IFRS 9, financial guarantees are contracts that require the issuer to make specified payments to
reimburse the holder for a loss it incurs because a specified debtor falls to make payment when due in
accordance with the original or modified terms of a debt instrument. Financial guarantee liabilities are
recognized initially at their fair value plus transaction costs that are directly attributable to the issue of
the financial liabilities. The financial guarantee liability is subsequently measured at the higher of the
amount of lass allowance for expected credit losses as per impairment requirement and the amount
initially recognized less, income recognized in accordance with the principles of 1FRS 15. Financial
guarantees are included within other liabilities.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, financial guarantees such as letter of credit and letter
of guarantee will be treated as off-balance sheet items. No liability is recognized for the guarantee
except the cash margin. However, a general provision @ 0.5% -1% is provided against such guarantee.
(i) REPO transactions
IFRS:
When an entity sells a financial asset and simultaneously enters into an agreement to repurchase the
same (or a similar asset) at a fixed price on a future date (REPO or stock lending), the arrangement is
accounted for as a collateralized borrowing and the underlying asset continues to be recognized in the
entity’s financial statements. This transaction will be treated as borrowing and the difference between
selling price and repurchase price will be treated as interest expense.
Bangladesh Bank:
As per BB circulars/guidelines, when a bank sells a financial asset and simultaneously enters into an
agreement to repurchase the same (or a similar asset) at a fixed price on a future date (REPO or stock
lending), the arrangement is accounted for as a normal sale transaction and the financial assets should
be derecognized in the seller’s book and recognized in the buyer’s book.
(j) Cash and cash equivalents
IFRS:
Cash and cash equivalent items should be reported as cash item as per ‘IAS 7- Statement of Cash
Flows’.
Bangladesh Bank:
Some cash and cash equivalent items such as ‘money at call and on short notice’, treasury bills,
Bangladesh Bank bills and prize bonds are not shown as cash and cash equivalents. Money at call and on
short notice is presented on the face of the balance sheet, and treasury bills and prize bonds are shown
in investments.
(k) Non-banking assets
IFRS:
No indication in the name of Non-banking asset is found in any IFRS.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, there must exist a face item named Non-banking asset.
(l) Cash flow statement
IFRS:
AS per ‘IAS 7- Statement of Cash Flows’ the Cash flow statement can be prepared using either the
direct method or the indirect method. The presentation is selected to present these cash flows
in a manner that is most appropriate for the business or industry. The method selected is applied
consistently.

Agrani Bank Limited
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, cash flow is the mixture of direct and indirect methods.
(m) Balance with Bangladesh Bank (CRR)
IFRS:
Balance with Bangladesh Bank should be treated as other asset as it is not available for use in day to day
operations as per ‘IAS 7- Statement of Cash Flows’.
Bangladesh Bank:
Balance with Bangladesh Bank is treated as cash and cash equivalents.
(n) Presentation of intangible asset
IFRS:
An intangible asset must be identified and recognized, and the disclosure must be given as per ‘IAS
38-Intangible Assets’.
Bangladesh Bank:
There is no regulation for intangible assets in BRPD circular no.14 dated 25 June 2003.
(o) Off balance sheet items
IFRS:
There is no term in the name of off-balance sheet items in any IFRS; hence there is no requirement for
disclosure of off-balance sheet items on the face of the balance sheet.
Bangladesh Bank:
As per BRPD circular no.14 dated 25 June 2003, off balance sheet items (e.g. Letter of credit, Letter of
guarantee etc.) must be disclosed separately on the face of the balance sheet.
(p) Loans and advances net of provision
IFRS:
Loans and advances shall be presented at amortized cost net of any write down for impairment
(expected credit losses that result from all possible default events over the life of the financial
instrument).
Bangladesh Bank:
As per BRPD circular no.14 dated 25 June 2003, provision on loans and advances should be presented
separately as liability and cannot be netted off against loans and advances.
2.2 Basis for Measurement
The consolidated and separate financial statements of the Bank have been prepared on the historical
cost basis except for the following items:
a) Government Treasury Bills and Bonds designated as 'Held for Trading (HFT)' at present value using
marking to market concept with gain crediting to revaluation reserve.
b) Government Treasury Bills and Bonds designated as 'Held to Maturity (HTM)' at present value using
amortization concept.
c) Land and building at revalued amounts.
2.3 Use of estimates and judgments
The preparation of consolidated financial statements and separate financial statements (solo) of the Bank
required management to make judgments, estimates and assumptions that affected the application of
accounting policies and the reported amounts of assets, liabilities, income and expenditures. Actual results may
differ from these estimates.
Estimates and underlying assumptions have been reviewed considering business realities. Revisions of
accounting estimates have been recognized in the period in which the estimates have been revised and in the
future periods affected, if applicable.

Agrani Bank Limited
The preparation of financial statements in conformity with adopted IFRSs and BRPD circulars requires the use
of certain critical accounting estimates. It also requires management to exercise its judgment in the process of
applying the Group’s accounting policies. Key estimates include the following:
• Loan loss provision
• Revaluation of land
• Deferred tax assets/liabilities
• Gratuity & superannuation fund
• Useful lives of depreciable assets
2.4 Foreign currency transactions

2.4.1 Functional and presentational currency
Financial statements of the Bank have been presented in Bangladeshi Taka (BDT), which is the Bank’s functional
and presentational currency except for OBU, where the functional currency is US Dollar (USD). All financial
information presented in BDT and US Dollar (USD) has been rounded off to the nearby integer, except when
otherwise indicated. Because of the effects of rounding off, the totals in some instances, may not match the
sum of individual balances.
2.4.2 Foreign currency translation
Foreign currency transactions have been converted into equivalent BDT at the ruling exchange rates on the
respective date of such transactions as per IAS 21 “The Effects of Changes in Foreign Exchange Rates”. Foreign
Currency conversion rates for the year 2021 are as follows:
Sl. Particular SGD MYR CAD AUD USD
1 Assets & Liabilities 63.4850 20.5829 67.1256 56.6813 85.8000
2 Income & Expenses 63.7623 20.7919 66.7038 56.8407 85.8000
Here, SGD, MYR, CAD, AUD and USD indicate Singaporean Dollar, Malaysian Ringgit, Canadian Dollar, Australian
Dollar and USD respectively.
2.4.3 Commitment
Commitments for outstanding forward foreign exchange contracts disclosed in the consolidated financial
statements and separate financial statements of Bank have been translated at contracted rates. Contingent
liabilities/commitments for letter of credit, letter of guarantee and acceptance denominated in foreign
currencies have been expressed in BDT terms at the rates of exchange ruling on the balance sheet date.
2.4.4 Transaction gains and losses
Gains or losses arising out of transaction of foreign exchange have been included in the Profit and Loss
Statement and in Balance Sheet.
2.4.5 Foreign operations
The assets & liabilities of foreign operations are translated to Bangladeshi BDT at exchange rate prevailing
at the balance sheet date. The income & expenses of foreign operations are translated at average rate of
exchange for the year. Foreign currency differences are recognized and presented in the foreign currency
translation reserve in equity.
2.5 Basis for Consolidation
The consolidated financial statements include the financial statements of Agrani Bank Limited and its six
subsidiaries named Agrani Equity and Investment Limited, Agrani SME Financing Company Limited, Agrani
Exchange House Private Limited, Singapore, Agrani Remittance House, BHD, Malaysia, Agrani Exchange Co.
(Australia) Pty. Limited, Agrani Remittance House Canada, Inc. made up to the end of the financial year. The
Consolidated financial statements have been preparedin accordance with International Financial Reporting
Standard-10 'Consolidated Financial Statements'. These Consolidated financial statements are prepared to a
common financial year ended 31 December 2021.

Agrani Bank Limited
2.5.1 Subsidiaries
Subsidiaries are entities controlled by the group. The financial statements of subsidiaries are included in the
Consolidated Financial Statements from the date that control commences until the date the control ceases.
Status of Country of
Name of Subsidiary Ownership
Ownership Operation
Agrani Exchange House Pte. Limited 100.00% Wholly Singapore
Agrani Remittance House SDN. BHD. 100.00% Wholly Malaysia
Agrani Equity and Investment Limited 99.99% Wholly Bangladesh
Agrani SME Financing Com. Limited 99.99% Wholly Bangladesh
Agrani Remittance House Canada, Inc. 100.00% Wholly Canada
Agrani Exchange Co. (Australia) Pty. Limited 100.00% Wholly Australia
2.5.2 Transactions eliminated on consolidation
Intra-group balances and transactions and any unrealized income and expenses arising from intra-group
transactions are eliminated in preparing the Consolidated Financial Statements. Unrealized gains or unrealized
losses arising from transactions with equity investees are eliminated against the investment to the extent of
the group's interest in the investee.
2.6 Materiality, aggregation and offsetting
The Bank aggregates each material class of similar items and separately which are dissimilar in nature or
function unless those are immaterial. The Bank did not offset assets and liabilities or income and expense
unless required or permitted by IFRSs.
2.7 Comparative Information
Presentation of Financial Statements, comparative information in respect of the previous year have been
presented in all numerical information in the financial statements and the narrative and descriptive information
where it is relevant for the understanding of the current year's financial statements.
2.8 Reporting period
The accounting period of the Group has been determined to be from 01 January to 31 December each year and
is followed consistently.
2.9 Cash flow statement
Cash flow statement has been prepared in accordance with the BRPD circular no. 14 dated 25 June 2003
issued by the Banking Regulation & Policy Department of Bangladesh Bank.
2.10 Statement of changes in equity
Statement of Changes in Equity has been preparedin accordance with IAS 1 “Presentation of Financial
Statements” and following the guidelines of Bangladesh Bank BRPD circular no.14 dated 25 June 2003.
2.11 Liquidity statement
The Basis of the liquidity statement of assets and liabilities as on the reporting date is given below:
Particulars Basis
Balance with other banks and financial institutions Maturity term
Investments Respective maturity terms
Loans and advances Repayment schedule Basis
Fixed assets More than 5 years bucket
Other assets Realization/ amortization Basis
Borrowing from other banks, financial institutions & agents Maturity/ repayments terms
Deposits and others accounts Maturity term/ Previous trend
Other liabilities Payments/ adjustments schedule Basis

Agrani Bank Limited
2.12 Cash and cash equivalents

Cash and cash equivalents include notes and coins on hand, unrestricted balances held with Bangladesh Bank
and highly liquid financial assets which are subject to insignificant risk of changes in their fair value, and are
used by the Bank management for its short-term commitments.
2.13 Investments
All investments are initially recognized at cost, including acquisition charges associated with the investment.
Accounting treatment of government treasury securities (categorized as HFT or/and HTM) is given following
DOS circular no. 5 dated 26 May 2008 and subsequent clarifications on 28 January 2009.
2.13.1 Held to Maturity (HTM)
Investments which are intended to be held till maturity are classified as Held to Maturity (HTM). These are
measured at amortized cost at each year-end by taking into account any discount or premium on acquisition.
Premiums are amortized and discounts are credited, using the historical yield. Any increase in value of such
investments is booked to equity but decrease to profit and loss account.
2.13.2 Held for Trading (HFT)
These are investments primarily held for selling or trading. After initial recognition, investments are marked
to market weekly and any decrease in the present value is recognized in the Profit and Loss Account and any
increase is booked to Revaluation Reserve Account through Profit and Loss Account as per DOS Circular no. 05
dated 28 January 2009.
2.13.3 REPO and reverse REPO
The Bank has been recording transactions of REPO and reverse REPO following DOS circular no. 6 dated 15
July 2010 issued by Bangladesh Bank. In case of REPO of both the coupon and non-coupon bearing (treasury
bill) securities, the Bank adjusts the revaluation reserve account for HFT securities and stops the weekly
revaluation (if the revaluation date falls within the REPO period) of the same security. For interest-bearing
security, the Bank does not accrue interest during REPO period.
Investments – Initial recognition and subsequent measurement at a glance. Investments are stated as per
following bases:
Measurement after
Initial
Investment class initial Recording of changes
recognition
recognition
Loss to Profit and Loss Account, gain to
Govt. T-bills/T-bonds-Held
Cost Fair value Revaluation Reserve through Profit and
for Trading (HFT)
Loss Account.
Increase in value of such investments is
Govt. T-bills/T-bonds-Held
Cost Amortized cost booked to equity, decrease to profit and
to Maturity (HTM)
loss account.
Debenture/Bond Cost None None
Lower of cost or
Loss (net off gain) to profit and loss
Shares (Quoted) * Cost market value
account but no unrealized gain booking.
(overall portfolio)
Lower of cost or Net Loss to profit and loss account but no
Shares (Unquoted)* Cost
Asset Value (NAV) unrealized gain booking.
Lower of cost and
(higher of Loss (net) to profit and loss account but
Mutual fund (Closed-end) * Cost
market value and 85% no unrealized gain booking.
of NAV)
Prize bond Cost Cost None
* Provision for shares against unrealized loss (gain net off) has been made as per DOS circular no. 4 dated 24
November 2011 and for mutual funds (closed-end) as per DOS circular letter no. 3 dated 12 March 2015 of
Bangladesh Bank.

Agrani Bank Limited
2.13.4 Investment in quoted securities

These securities are bought and held primarily to sell them in future or held for dividend income, and are
reported at cost. Unrealized gains are not recognized in the profit and loss statement. But required provision is
kept for diminution in value of the investment.
2.13.5 Investment in unquoted securities
Investment in unlisted securities is reported at cost. Adjustment is given for any shortage of book value over
cost for determining the carrying amount of investment in unlisted securities.
As per Bangladesh Bank DOS Circular # 04 dated 24 November 2011, provision for diminution in value of the
investmentwas made by netting off unrealized gain/loss of shares from market price/book value less cost
price. Besides, bank complied with Bangladesh Bank BRPD Circular 14 dated June 25, 2003 as follows, “All
investment in shares and securities (both dealing and investment) should be revaluated at the year-end. The
quoted shares should be valued as per market price in the stock exchange(s) and unquoted shares as per book
value of last audited balance sheet. Provision should be made for any loss arising from diminution in value of
investment”.
2.13.6 Investment in subsidiaries
Investment in subsidiaries is accounted for under the cost method of accounting in accordance with IAS 27
Consolidated and separate financial statements', IFRS 3 Business combination and IFRS 10 Consolidated
financial statements. Impairment of investment in subsidiaries is made as per the provision of IAS 36
Impairment of Assets.
The bank has done impairment assessment of its investment in the largest subsidiary company Agrani Equity
& Investment Limited. As value in use (using discounted cash flow method) is higher than carrying value of
investment, no impairment is required to be recognized as on balance sheet date.
2.14 Loans and advances
2.14.1 Presentation of loans and advances
i) Loans and advances are initially recognized at fair value, representing the cash advanced to the
borrowers plus the net of direct and incremental transaction costs and fees. They are subsequently
measured at amortized cost and shown at gross amount instead of directly reducing the carrying
amount of assets while interest suspense and loan loss provision against classified loans are shown
under other liabilities in the Balance Sheet as per BRPD Circular no. 14, dated June 25, 2003.
ii) Loans to staffs are allowed at concessional rate as approved by the authority and are shown under
advances as per BRPD Circular no. 14, dated 25 June 2003.
2.14.2 Interest on loans and advances
i) Interest is calculated on unclassified loans and advances and recognized as income during the year;
ii) Interest calculated on classified loans and advances as per Bangladesh Bank Circulars is kept in interest
suspense account;
iii) Interest is calculated on daily product Basis but debited to the party's loan account quarterly. No interest
is charged on loans and advances which are classified as bad and loss;
iv) Total balance of loans and advances as on 31 December 2021 includes bad/loss loan BDT 8,915.73 crore
on which the Bank did not accrue any interest because of deterioration of quality of loans and advances
determined by the management and on the Basis of instructions contained in Bangladesh Bank
Circulars as mentioned in Note-2.14.3 of this financial statement; and
v) Interest suspense and penal interest, if any, calculated on classified loans and advances are taken into
income in the year of its receipt from the defaulting borrowers.
2.14.3 Provision for loans and advances
General provisions @ 0.25% to 2% under different categories on unclassified loans (standard/SMA) and @ 0.5%
to 1% on certain off balance-sheet exposures, and specific provisions @ 5%, 20%, 50% & 100% on classified
(substandard/doubtful/bad-loss) and some rescheduled loans are made on the basis of quarter end review by
the management and in compliance with BRPD Circular no.14 dated 23 September 2012, BRPD circular no 8

Agrani Bank Limited
dated 2 August 2015, BRPD circular no 12 dated 20 August 2017, BRPD circular no 15 dated 27 September
2017, BRPD circular letter no 1 dated 03 January 2018, BRPD circular no 01 dated 20 February 2018, BRPD
circular no 07 dated 21 June 2018, BRPD circular no 13 dated 18 October 2018 and BRPD Circular no. 03 dated
21 April 2019, BRPD Circular no. 16 dated 21 July 2020, BRPD Circular no 17 dated 28 September 2020, BRPD
Circular Letter no 52 dated 20 October 2020 and BRPD Circular Letter no 56 dated 10 December 2020.
Provisions and interest suspense are separately shown under other liabilities as per First Schedule of Banking
Companies Act 1991 (as amendment up to date), instead of netting off with loans.
Rate of Provision
Short term Consumer Financing Loans to

All Other
Particulars Agri credit Other Than SMEF BHs/MBs/
HF LP Credit
HF & LP SDs
Standard 1% 2% 1% 2% 0.25% 2% 1%
Unclassified
SMA 1% 5% 1% 2% 0.25% 2% 1%
SS 5% 20% 20% 20% 20% 20% 20%
Classified DF 5% 50% 50% 50% 50% 50% 50%
BL 100% 100% 100% 100% 100% 100% 100%
2.14.4 Interest and discount income

Interest on loans and advances, investment income and discount income are stated at the gross amount as per
requirement of BRPD Circular no 14 dated June 25, 2003.
2.14.5 Written off loans and advances
The bank puts continuous effort for recovery from written off loans and advances in compliance with Section
28ka of the Banking Companies Act 1991 (as amended up to date) and BRPD circular no. 01 dated 6 February
2019. The Bank takes necessary legal measures against default borrowers for recovery against written off
loans and advances as per relevant BB guidelines and Artha Rin Adalat Act-2003. Legal cost incurred against
those borrowers are initially charged to the profit and loss account of the bank. Detailed memorandum records
for all such written off accounts are maintained without reducing the Bank’s claim. Written off loans are
calculated according to BRPD Circular no 2, dated January 13, 2003, DOS Circular no 1, dated December 29,
2004 and BRPD circular no.13, November 7, 2013.
2.14.6 Impairment of financial assets
An asset is impaired when it carrying value exceeds its recoverable amount as per IAS 36 "Impairment of
Assets". At each balance sheet date, Agrani Bank Limited assesses whether there is objective evidence that a
financial asset or a group of financial assets (i.e. loans and advances, off-balance sheet items and investments)
is impaired. A financial asset or group of financial assets is impaired, and impairment losses are incurredif-
i. there is objective evidence of impairment as a result of a loss event that occurred after the initial
recognition of the asset up to the balance sheet date;
ii. the loss event had an impact on the estimated future cash flows of the financial asset or the group of the
financial assets; and
iii. a reliable estimate of the loss amount can be made.
In the event of impairment loss, the Bank reviews whether a further allowance for impairment should be
provided in the profit and loss statement in addition to the provision made Based on Bangladesh Bank
guidelines or other regulatory requirements.
2.15 Fixed assets and depreciation
Recognition and measurement
a) Fixed assets are statedat cost of acquisition/valuation less accumulated depreciation.
b) Depreciation is charged on straight-line method on all fixed assets at the following rates per annum:

Agrani Bank Limited
Fixed Assets Rate of depreciation

Land Nil
Building 2.50%
Furniture and Fixture 10.00%
Library Books 10.00%
Motor Vehicles 20.00%
Office Equipment 20.00%
Electric Materials 20.00%
Computer and Computer accessories 20.00%
c) Depreciation at the applicable rates is charged proportionately on additions made during the year from
the month the assets are available for use if such assets are acquired in the first half of the month.
Depreciation is charged on assets retiring during the year for the period up to the end of the month of
their retirement if assets are retiring in the second half of the month.
d) Upon retirement of items of fixed assets, the cost and accumulated depreciation are eliminated from the
accounts and the resulting gains or losses, if any, are transferred to Profit and Loss Account.
e) Repairs and maintenances costs of fixed assets are treated as revenue expenditure and charged
to Profit and Loss Account when they are incurred. Depreciation of premises and equipment is
included in general and administrative expenses. Repairs and maintenances are charged to general
and administrative expenses and improvements of fixed assets are capitalized. Gain or loss on sale of
fixed assets is recognized in profit and loss statement as per provision of IAS 16 "Property, Plant and
Equipment".
f) Excess depreciation due to revaluation comparing the depreciation on cost value is transferred to the
retained earnings from revaluation reserve.
Derecognition of fixed assets
The carrying amount of an item of fixed assets is derecognized on disposal or when no future economic
benefits are expected from its use or disposal. The gain or loss arising from derecognition of an item of fixed
assets is to be recorded in profit or loss when the item is derecognized.
2.15.1 Impairment of fixed assets
At each balance sheet date, the Bank assesses whether there is any indication that the carrying amount of an
asset exceeds its recoverable amount. An asset is carried at more than its recoverable amount if it carrying
amount exceeds the amount to be recovered through use or sale of the asset. If this is the case, the asset is
described as impaired and an impairment loss is recognized as an expense in the profit and loss statement
unless the asset is carried at revalued amount in accordance with International Accounting Standard (IAS) 16,
Property, Plant and Equipment in which case an impairment loss of a revalued asset should be treated as a
revaluation decrease under that Accounting Standard. No impairment loss was recognized up to the reporting
period as there were no such indication existed as on Balance Sheet date.
2.15.2 Intangible assets
Intangible assets acquired as part of a business combination, other than goodwill, are initially measured at their
fair value at the date of the acquisition. Intangible assets acquired separately are initially recognized at cost.
Indefinite life intangible assets are not amortized and are subsequently measured at cost less any impairment.
Finite life intangible assets are subsequently measured at cost less amortization and any impairment. The
gains or losses recognized in profit or loss arising from the derecognition of intangible assets are measured as
the difference between net disposal proceeds and the carrying amount of the intangible asset. The method
and useful lives of finite life intangible assets are reviewed annually. Changes in the expected pattern of
consumption or useful life are accounted for prospectively by changing the amortization method or period.

Agrani Bank Limited
Software
Significant costs associated with software are deferred and amortized on a straight-line basis over the period of
their expected benefit, being their finite life of 10 years.
2.15.3 Leases
IFRS 16: Leases has come into force on 1 January 2019, as adopted by the Institute of Chartered Accountants
of Bangladesh (ICAB). As Bangladesh Bank (BB) has no other alternative regulation or guidance regarding the
same, Agrani Bank limited has adopted IFRS 16 in preparing financial statements from 1 January 2020.
IFRS 16 Leases, defines a ‘lease’ as "A contract, or part of a contract, that conveys the right to use an asset for a
period of time in exchange for consideration". In order for such a contract to exist the user of the asset needs to
have the right to:
- Obtain substantially all the economic benefits from the use of asset (identifiable asset)
- The right to direct the use of asset
Agrani Bank Limited applied IFRS 16 using modified retrospective approach where the Bank measured the
lease liability at the present value of the remaining lease payments, discounted it using the bank’s incremental
borrowing rate at the date of initial application, and recognized a right-of-use asset at the date of initial
application on a lease-by-lease basis.
Right-of-use assets (ROU)
The Bank recognizes right-of-use assets at the date of initial application of IFRS 16. Right-of-use assets are
measured at cost, less any accumulated depreciation, and adjusted for any re-measurement of lease liabilities.
Right-of-use assets are depreciated on a straight-line basis over the lease term. The right-of-use assets are
presented under fixed assets. (Note-8).
Lease Liability
At the commencement date of lease, the bank recognizes lease liabilities measured at the present value of
the lease payments to be made over the lease term using incremental borrowing rate at the date of initial
application. Lease liability is measured by increasing the carrying amount to reflect interest on the lease liability,
reducing the carrying amount to reflect the lease payments.
Short-term lease and leases of low value assets
The Bank has elected not to recognize ROU assets and lease liabilities for leases of low value assets and
short-term lease, i.e. for which the lease term ends within 12 months of the date of initial application. The Bank
recognizes lease payments associated with these leases as an expense. The contracts for premises with
branches, head office wings, circle office regional offices are considered for lease calculation.
The impacts of the new standard on lessees’ financial statements are: -
An increase in recognized assets and liabilities;
More lease expenses recognized in early periods of lease, and less in the later periods of a lease;
A shift in lease expense classification from rental expenses to interest expense and depreciation.
As per IFRS 16: Leases, summary of lease related information is provided in the below table:
Depreciation/ Accumulated Written down

Opening
Year Particulars Interest Depreciation/Lease value/Closing
Balance
Expenses payment balance
ROU Assets 743,478,233 84,028,426 227,736,211 515,742,022

2021
Lease Liabilities 743,478,233 26,391,948 128,290,320 552,857,788

Agrani Bank Limited
The Management of the Bank has approved the adoption of IFRS: 16 Leases in their MANCOM meeting no.
11th dated June 17, 2021 where the Bank has recognized lease assets upper value of BDT 2 crore. Based on
materiality consideration, the Bank has considered the 11 agreements for lease consideration which includes
Right of Use (RoU) and lease liabilities higher than 2 crores. Rest of the contracts are lower than 2 crore and
owned by the Bank.
Details of fixed assets are presented in note 8 and Annexure - G of these financial statements.
2.16 Other assets
As per BRPD circular no. 14 dated 25 June 2003, other assets/item(s) have been shown separately as ‘income
generating’ and ‘non-income generating’ in the relevant notes to the financial statements. Other assets include
investment in subsidiaries includes all items of other assets, advance for revenue and capital expenditure,
stocks of stationery and stamps, security deposits to government agencies, other receivables etc.
2.16.1 Provision for other assets
Other assets have been classified as per BRPD Circular No. 14 dated June 25, 2001 of Bangladesh Bank
and necessary provisions made thereon accordingly; and for items not covered under the circular, adequate
provisions have been made considering their realizable ability.
2.16.2 Written off other assets
Other assets having no realistic prospect of recovery have been written off against full provision without
reducing the claimed amount of the Bank. Notional balances against other assets written off have been kept to
maintain the detailed memorandum records for such accounts/assets.
2.17 Non-Banking assets
Non-banking assets were acquired due to the failure of borrowers to repay the loan in time taken against
mortgaged property. The Bank was awarded absolute ownership of a few mortgaged properties (mostly land)
through the verdict of the Honorable Court under section 33(7) of the Artha rin Adalat Act 2003. The value of
the properties has been recognized in the financial statements as non-earning assets on the Basis of third-
party valuation report. Value of the assets received in addition to the loan outstanding has been kept as reserve
against non-banking assets.
2.18 Reconciliation of inter-branch transactions

Inter-branch transactions are reconciled on a regular Basis, and balance of un-reconciled entries at the closing
date is accounted for according to its nature.
2.19 Assets pledged as security
The Bank has no secured liabilities except as mentioned in Note-10.2 to the financial statements and there was
no asset pledged as security against liabilities.
2.20 Revenue recognition
Revenue is recognizedonly when it is probable that the economic benefits associated with the transaction
will flow to the entity and it can be measured reliably. Items are treated as revenue/income when there is no
existence of risk or uncertainty regarding their realizability.
2.21 Fees and commissions
The recognition of fees revenue including commissions is determined by the purpose for the fees and the Basis
of accounting for any associated financial instruments. Fees earned from services that are provided over a
specified service period are recognized over that service period. Fees earned for the completion of a specific
service or significant event are recognized when the service is completed or the event has occurred.
Fees and commissions consist mainly of fees for opening of letters of credit and issuance of guarantees in BDT
and in foreign currencies. Fees and commissions are charged when they become due. Commissions arising
from foreign currency transactions are reported as income.
2.22 Interest income from investments
Interest income on investments in government and other securities, debentures and bonds is accounted for on
accrual Basis.

Agrani Bank Limited
2.23 Dividend Income

Dividend income from investments is recognized at the time when it is declared, ascertained and right to
receive the payment is established as per IFRS-15 ‘Revenue from contracts with customers’.
2.24 Interest paid and expenses

In terms of the provision of the International Accounting Standard (IAS-1) Presentation of Financial Statements,
the interests and other expenses are recognized on accrual Basis.
2.25 Borrowings from other banks, financial institutions and agents

Borrowings from other banks, financial institutions and agents include interest-bearing borrowings which are
stated in the financial statements at principal amount of the outstanding balance. Interest payables on such
borrowings are reported under other liabilities.
2.26 Deposits and other accounts

Deposits and other accounts include non-interest-bearing current deposit redeemable at call, interest-bearing
on demand and short-term deposits, savings deposits, fixed deposits and various scheme deposits. These
items are brought to account at the gross value of the outstanding balances.
2.27 Debt securities (subordinated debt)

The Bank issued 7-year non-convertible floating rate subordinated debts in two phases mainly to increase Tier-
2 capital having received required approval from Bangladesh Bank and BSEC. Principal amount outstanding
against the debt is reported under long term borrowing and interest payable of which is reported under other
liabilities. Details of subordinated debt is given in note 10.5 of the financial statements.
2.28 Other liabilities

Other liabilities comprise items such as provision for loans and advances/investments, provision for taxes,
interest payable on borrowing, interest suspense and accrued expenses etc. Individual item-wise liabilities are
recognized as per the guidelines of Bangladesh Bank and International Financial Reporting Standards (IFRS).
2.29 Share Capital
2.29.1 Capital Management

The bank has a capital management process for measuring, deploying and monitoring it's available
capital and assessing its adequacy. This capital management process aims to achieve four majors
objectives; exceed regulatory thresholds and meet long-term internal capital targets, maintain strong
credit rating, manage capital levels commensurate with the risk profile of the Bank and provide the
Bank’s shareholders with acceptable returns.
Capital is managed in accordance with the board approved capital management planning from time to
time. Senior management develops the capital strategy and oversees the capital management planning of the
Bank. The bank's Accounts and Risk management department are playing key role to implement the Bank's
capital strategy. Capitalis managed using both regulatory control measures and internal matrix.
2.29.2 Paid-up Capital

Paid up capital represents the total amount of shareholder capital that has been paid in full by the
Government of Bangladesh i.e. ordinary shareholder. In the event of winding-up of the Company ordinary
shareholder(s) rank after all other shareholders and creditors are fully entitled to any residual proceeds of
liquidation for settlement of debt.
2.29.3 Statutory Reserve

As per the Bank Company Act, 1991 (amendment to date) under section-24, the Bank is required to transfer
20% of its current year's profit before tax to reserve until such reserve equals to its paid up capital.

Agrani Bank Limited
2.29.4 Dividends on Ordinary Shares
Dividends on ordinary shares are recognized as a liability and deducted from equity when it is
approved by the bank’s Annual General meeting. Dividends for the year that are approved after the
reporting date are disclosed as an event after the reporting date.
The bank is in difficulties maintaining the ratio of minimum Capital to Risk-Weighted Assets (CRAR) as per
BASEL-III guidelines, and Bangladesh Bank has put a bar on declaring any types of cash dividends during the
forbearance period as per letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. Therefore, the
Board of Directors has not declared any dividend for the year ended 2021.
2.30 Retirement benefit scheme
The Bank operates two alternative retirement benefit schemes for its permanent employees, elements of
which are as under:
a) Contributory recognized provident fund (CPF) scheme
i. Employees’ contribution 10%;
ii. Bank's contribution 8.33%;
iii. This fund is operated by a Board comprising of 8 Trustees; and
iv. Employees enjoying contributory provident fund facilities are entitled to get gratuity for 2 months
last basic pay drawn for each completed year of service subject to completion of minimum 10 years
of service.
b) General pension fund scheme (Superannuation Fund)
i) Pension
The Bank operates a pension scheme. This fund is operated by a Trustee Board comprising of 9
Trustees.
ii) Annual provision
Year % of Basic pay

1986 to 1994 10%
1995 to 1999 18%
2000 to 2003 25%
2004 to 2005 30%
2006 35%
2007 to 2013 30%
2014 to June'2017 50%
From July'2017 75%
In the year 2021, additional provision BDT 1,700,000,000 has been kept for the provision of
superannuation fund (SAF). This has been named as Superannuation Fund (SAF) created for paying
pension to retiring employees. It is fully funded.
iii) General provident fund (GPF)

Employees opted for pensions are also contributing 5%-25% of basic salary as per their desire to GPF.
The Bank does not contribute any amount to the GPF against these employees. The Fund is shown
under Sundry Deposit.
2.31 Death relief grant scheme
The Bank operates a Death Relief Grant Scheme since January 01, 1989, which replaced the group insurance
scheme. The scheme is applicable to all employees of the Bank and payments out of this fund are made to the
successors of the employees on their death while in Bank's service and quantum of payment is determined as
per scale and grade of such employees.

Agrani Bank Limited
2.32 Taxation
The expense comprises current and deferred tax. Current tax and deferred tax is recognized in profit or loss
except to the extent that it relates to a business combination or items recognized directly in equity.
i) Current tax:
Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or
substantially enacted at the reporting date and any adjustment to the tax payable in respect of previous years.
Provision for current income tax of the Bank has been made on taxable income @ 40% considering major
disallowances of expenses and concessional rates on certain incomes (0% on gain on trading of govt.
securities, 10% on capital gain of shares & MFs and 20% on dividend income) as per Income Tax Ordinance
(ITO) 1984.Tax provision of the Group entities is made on taxable income of subsidiaries at different rates
applicable as per the ITO 1984 and the tax authority of the country where it is incorporated.
Detail’s status of Tax Provision and Tax assessment are shown note 12.4 and annexure-F of the financial
statements.
ii) Deferred tax: Deferred tax assets or liabilities are recognized by the Bank on deductible or taxable temporary
differences between the carrying amount of assets and liabilities used for financial reporting and the amount
used for taxation purpose as required by IAS 12 Income taxes and BRPD circular no.11 dated 12 December
2011. Deferred tax assets is recognized for the carry forward of unused tax losses and unused tax credits to the
extent that it is probable that future taxable profit will be available against which they can be used. Deferred tax
assets and liabilities are reviewed at each reporting period and are measured at the applicable tax rate as per
tax laws that are expected to be applied when the assets is realized and liability is settled. Any unrecognized
deferred tax assets or liabilities are reassessed at each reporting period and recognized only if that has become
probable that future taxable profit or loss will be available against which they can be used or settled.
Details of deferred tax assets or liabilities and amount recognized in profit and loss account for deferred tax
income or expense are given in note 9.4 in the financial statements.
iii) Assessment for uncertainty over income tax treatments (under IFRIC 23): At reporting date, the Bank
assessed to consider uncertain tax treatment separately or together in line with Income Tax ordinance
and rules 1984. The Bank applies significant judgment and past records of tax assessment and demand
in identifying uncertainties over income tax treatments. Since, the Bank is being operated as complex
financial intermediary to provide a comprehensive financial solution to customers, it assessed whether
the Interpretation of IFRIC 23 Uncertainty over income tax treatments had an impact on its consolidated
financial statements. Upon adoption of the interpretation, the Bank considered whether it has any uncertain
tax positions, particularly those relating to transfer pricing, payment under credit facilities etc. The Bank
determined, on its tax compliance and best practice, it is probable that its tax treatments (including those for
the subsidiaries) will be accepted by the taxation authorities. The interpretation did not have an impact on the
consolidated financial statements of the Bank.
2.33 Provisions
Provisions are recognized if the Bank has a present legal or constructive obligation as a result of past events if
it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate can be
made of the amount of the obligation.
The amount recognized as a provision is the best estimate of the consideration required to settle the present
obligation as of the Balance Sheet date, taking into account the risks and uncertainties surrounding the
obligation.
2.34 Earnings per share (EPS)

As per IAS 33 Earnings per share, the Bank has been reporting basic earnings per share as there has been no
dilution possibilities during the year. Basic EPS is computed by dividing the profit or loss attributable to ordinary
shareholders of the Bank by the number of ordinary shares outstanding during the period.

Agrani Bank Limited
2.35 Loan commitments

No loan commitments are found to be designated at fair value through profit or loss under the fair value option.
All loan commitments remain as off-balance sheet items.
2.36 Materiality, Aggregation and Off Setting
Each material item as considered by management significant has been displayed separately in the
financial statements. No amount has been set off unless the Bank has legal right to set off the amount sand
intends to settle on a net Basis. Income and expenses are presented on a net Basis only when permitted by the
relevant accounting standards.
The values of any asset or liability as shown in the statement of financial position (balance sheet) are
not off-set by way of deduction from another liability or asset unless there exist a legal right therefor. No such
incident exists during the year.
2.37 Financial guarantees
Financial guarantee contracts are contracts that require the issuer to make specified payments to reimburse
the holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with
the terms of a debt instrument. Such financial guarantees are given to banks, financial institutions and other
parties on behalf of customers to secure loans, overdrafts, other banking facilities and other various payments.
Financial guarantees are recognized in the financial statements at fair value on the dates the guarantees were
given as contingent liabilities.
2.38 Events after Reporting Period
As per IAS -10 "Events after Reporting Period" events after the reporting period are those events, favorable and
unfavorable, that occur between the end of the reporting period and the date when the financial statements are
authorized for issue. Two types of events can be identified:
(a) those that provide evidence of conditions that existed at the end of the reporting period (adjusting
events after the reporting period); and
(b) those that are indicative of conditions that arose after the reporting period (non-adjusting events after
the reporting period).
2.39 Segment reporting
For the purpose of Segment Reporting as per International Financial Reporting Standard-8 "Operating
Segments", the following segments relating to revenue, expenses, assets and liabilities have been identified
and shown in the related notes accordingly as primary/secondary segments.
i) domestic operations in line with geographical segments;
ii) banking operations comprising of branches of the banking entity; and
iii) treasury operations comprising of the banking entity.

Information regarding the result of each reportable segment is included in Annexure-N. Performance is
measured Based on segment profit before provision, as included in the internal management reports that
are reviewed by the Bank’s Management. Segment report is used to measure performance as Management
believes that such information is the most relevant in evaluating the results of certain segments relative to
other entities that operate within these industries.
2.40 Risk management
Being a financial institution, in the ordinary course of business, the Bank is sensitive to verities of risks. The
generic severity of such risk(s) is much intense in our locality due to presence of large number of banks and
complex financial transactions. In such highly competitive environment to ensure a bank’s consistent system
and performance, the presence of strong Risk Management culture is obligatory. Being compliant, the Bank is
now looking forward to take risk management practice to a different level, preventing risk before occurrence,

Agrani Bank Limited
i.e., on a proactive Basis rather than on a reactive Basis. As a part of regulatory and global benchmarking the
bank has based upon 06 (six) core risk guidelines of Bangladesh Bank and Basel framework. Listed below are
the identified risks the Bank is currently managing or intends to manage in the future:
Sl. No. Basel Accord Core Risk Guideline of BB Pillar
1 Credit Risk Credit Risk
2 Market Risk Foreign Exchange Risk Pillar - I
3 Operational Risk Asset Liability Risk
4 Residual Credit Risk Money Laundering Risk Pillar - II
5 Residual Risk (CRM) Internal Control & Compliance Risk Pillar –II
6 Residual Market Risk – Equity ICT Risk Pillar –II
7 Residual Market Risk – Currency Pillar –II
8 Credit Concentration Risk Pillar –II
9 Liquidity Risk Pillar –II
10 Interest Rate Risk Pillar –II
11 Settlement Risk Pillar –II
12 Reputation Risk Pillar –II
13 Strategic Risk Pillar –II
14 Pension Obligation Risk Pillar –II
15 Compliance Risk Pillar –II
Accordingly, the Bank has various high-powered committees to monitor and ensure smooth risk management
activities. For example, Management Committee (MANCOM), Asset Liability Committee (ALCOM), Credit
Committee (CC), Audit Committee, Risk Management Committee, etc. To manage the overall risks of the
Bank in line of Basel the bank has formed a dedicated Risk Management Division. The details of ABL's risk
management are shown in the chapter "Risk Management".
2.40.1 Prevention of fraud
Fraud and forgery have become important issues in recent years. These have a major impact on our country‘s
economy, hindering economic development. Agrani Bank has always been focused on controlling fraud
and forgery by establishing and maintaining proper control systems. Today, fraud and forgery appear in
diverse forms. To prevent fraud and forgery, Agrani Bank has formed a Vigilance Division/ MD’s squad under
the direct supervision of Managing Director. This wing exclusively deals with all kinds of fraud and forgery
and acts independently where internal and external fraud and forgery incidents are escalated. The wing
also investigates, review the cause and report to the concerned authority accordingly. Also, the bank has a
Compliance Department under Internal Control & Compliance Division.
To protect the bank and its stakeholders’ interests, the investigation team identifies perpetrators and the
root cause of the reported incident. As a remedial course of action, preventive measures are recommended
to the business/functional unit to take necessary action relating to process improvements, recovery of
the misappropriated amount, adjustment of the operational loss, and appropriate action initiated against
the perpetrator. Investigation reports are also placed to the Board Audit Committee for their direction and
guidance. All fraud and forgery cases that were identified in 2021 were also duly reported to Bangladesh Bank
as per regulations and adequate provisions have been maintained in the books of accounts. On the other hand,
the management is exerting full efforts to recover the loss amount incurred due to fraud.

Agrani Bank Limited
2.41 Related party transactions
A party is related to the company if
i. directly or indirectly through one or more intermediaries, the party controls, is controlled by, or is under
common control with, the company; has an interest in the company that gives it significant influence
over the company; or has joint control over the company;
ii. the party is an associate;
iii. the party is a joint venture;
iv. the party is a member of the key management personnel of the Company or its parent;
v. the party is a close member of the family of any individual referred to in (i) or (iv);
vi. the party is an entity that is controlled, jointly controlled or significantly influenced by or for which
significant voting power in such entity resides with, directly or indirectly, any individual referred to in (iv)
or (v); or
vii. the party is a post-employment benefit plan for the benefit of employees of the company, or of any
entity that is a related party of the company.
Related party transaction is a transfer of resources, services, or obligations between related parties regardless
a price is charged as per IAS 24- Related party disclosures. Details of related party transactions are disclosed in
Annexure- A.
2.42 Directors' responsibilities on statement
The Board of Directors takes the responsibilities for the preparation and presentation of these financial
Statements.
2.43 Approval of financial statements
The Board of Directors approved the financial statements on 30 April 2022. The bank is in difficulties
maintaining the ratio of minimum Capital to Risk-Weighted Assets (CRAR) as per BASEL-III guidelines, and
Bangladesh Bank has put a bar on declaring any types of cash dividends during the forbearance period as per
letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. Therefore, the Board of Directors has not
declared any dividend for the year ended 2021.
2.44 Credit Rating of the Bank
As per the BRPD circular no. 6 dated 5 July 2006, the Bank has done its credit rating by Alpha Credit Rating
Limited (Alpha Rating). The following ratings had been awarded:
Long Term Short Term

Basis of Rating Outlook
2021 2020 2019 2021 2020 2019
Government Support AAA AAA AAA ST-1 ST-1 ST-1 Stable
Without Government Support A+ A+ A+ ST-2 ST-2 ST-2 Stable

Agrani Bank Limited
2.45 Compliance of International Financial Reporting Standards (IFRS)
Name of International Accounting Standards (IAS) IAS No. Status

Presentation of Financial Statements 1 Applied*
Inventories 2 N/A
Statement of Cash Flows 7 Applied*
Accounting Policies, Changes in Accounting Estimates and Errors 8 Applied
Events after the Reporting Period 10 Applied
Construction Contracts 11 N/A
Income Taxes 12 Applied
Employee Benefits 19 Applied
Accounting for Govt. Grants and Disclosure of Government Assistance 20 N/A
The Effects of Changes in Foreign Exchange Rates 21 Applied
Borrowing Costs 23 N/A
Related Party Disclosures 24 Applied
Accounting & Reporting by Retirement Benefit Plans 26 N/A
Separate Financial Statements 27 Applied
Investments in Associates 28 N/A
Financial Instruments: Presentation 32 Applied*
Earnings per share 33 Applied
Interim Financial Reporting 34 N/A
Impairment of Assets 36 Applied
Provisions, Contingent Liabilities and Contingent Assets 37 Applied
Intangible Assets 38 Applied*
Financial Instruments: Recognition and Measurement 39 N/A
Investment Property 40 N/A
Agriculture 41 N/A
Name of International Financial Reporting Standards (IFRS) IFRS No. Status

First-time Adoption of International Financial Reporting Standards 1 N/A
Share-Based Payment 2 N/A
Business Combinations 3 N/A
Insurance Contracts 4 N/A
Non-Current Assets Held for Sale and Discontinued Operations 5 Not Applied
Exploration for and Evaluation of Mineral Resources 6 N/A
Financial Instruments: Disclosures 7 Applied
Operating Segments 8 Applied
Financial Instruments 9 Applied
Consolidated Financial Statements 10 Applied
Joint Arrangement 11 N/A
Disclosure of Interest in Other Entities 12 Applied
Fair value Measurement 13 Applied
Regulatory Deferral Accounts 14 N/A
Revenue from Contracts with Customers 15 Applied
Leases 16 Applied
* Subject to departure mentioned earlier in note # 2.1 above

Agrani Bank Limited
2.46 Standards issued but not yet effective
A number of new standards and amendments to standards are effective for annual periods beginning on or
after 01 January 2020 and earlier application is permitted. However, the Bank has not early applied the following
new standards in preparing these financial statements.
2.46. a . Insurance Contracts
IFRS 17– Insurance Contracts was issued in May 2017 and applies to annual reporting periods beginning on or
after 1 January 2021. IFRS 17 establishes the principles for the recognition, measurement, presentation and
disclosure of insurance contracts within the scope of the standard. The objective of IFRS 17 is to ensure that an
entity provides relevant information that faithfully represents those contracts. The Bank has not yet assessed
in potential impact of IFRS 17 on its financial statements.
2.46.b Amendments to References to Conceptual Framework in IFRS Standards
The IASB decided to revise the Conceptual Framework because some important issues were not covered and
some guidance was unclear or out of date. The revised Conceptual Framework, issued by the IASB in March
2018, includes:
• a new chapter on measurement;
• guidance on reporting financial performance;
• improved definitions of an asset and a liability, and guidance supporting these definitions; and
• clarifications in important areas, such as the roles of stewardship, prudence and measurement
uncertainty in financial reporting.
The Conceptual Framework does not have a stated effective date and the International Accounting Standards
Board (IASB) will start using it immediately.
2.46. c Definition of a Business (Amendments to IFRS 3)

The amendments in Definition of a Business (Amendments to IFRS 3) are changes to Appendix A Defined
terms, the application guidance, and the illustrative examples of IFRS 3 only. They:
• clarify that to be considered a business, an acquired set of activities and assets must include, at a
minimum, an input and a substantive process that together significantly contribute to the ability to
create outputs;
• narrow the definitions of a business and of outputs by focusing on goods and services provided to
customers and by removing the reference to an ability to reduce costs;
• add guidance and illustrative examples to help entities assess whether a substantive process has been
acquired; remove the assessment of whether market participants are capable of replacing any missing
inputs or processes and continuing to produce outputs; and
• add an optional concentration test that permits a simplified assessment of whether an acquired set of
activities and assets is not a business.
The amendments are effective for business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions
that occur on or after the beginning of that period. Earlier application is permitted.
2.46.d Definition of Material (Amendments to IAS 1 and IAS 8)
The changes in Definition of Material (Amendments to IAS 1 and IAS 8) all relate to a revised definition of
'material' which is quoted below from the final amendments:
Information is material if omitting, misstating or obscuring it could reasonably be expected to influence

decisions that the primary users of general-purpose financial statements make on the basis of those financial
statements, which provide financial information about a specific reporting entity.

2.47 Audit Committee
Status Status with

Name Address
with Bank Committee
Additional Secretary
Mr. Mafiz Uddin Ahmed Director Chairman Financial Institutions Division,
Ministry of Finance.
Mr. Md. Shahadat Hossain Senior Partner, MABS & J
Director Member
Partners, Chartered Accountants
Mr. K.M.N. Manjurul Hoque Labloo Director Member Global News, Editor-in Chief
Independent Director, City General

Mr. Khondker Fazle Rashid Director Member
Insurance Company Ltd.
2.48 Changes in Accounting Policies
As per IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" Accounting Policies are
applied consistently for comparability between financial statements of different accounting periods. Changes
in Accounting Policies are applied retrospectively to the financial statements (if any). Comparative amounts
presented in the financial statements affected by the change in accounting policy for each prior period
presented.
2.49 Impact of Coronavirus (COVID-19) pandemic
Judgment has been exercised in considering the impacts that the Coronavirus (COVID-19) pandemic has
had, or may have, on the consolidated entity based on known information. This consideration extends to the
nature of the services offered, customers, staffing, and geographic regions in which the consolidated entity
operates. Other than as addressed in specific notes, there does not currently appear to be either any significant
impact upon the financial statements or any significant uncertainties concerning events or conditions which
may impact the consolidated entity unfavorably as at the reporting date or subsequently as a result of the
Coronavirus (COVID-19) pandemic.
Management has also assessed the overall impact on COVID 19 and has not identified any indications that
may cast doubt on the going concern of the group and the bank. Bank's primary business has not impacted
expressively as it has a significant growth even the pandemic declared by WHO except trade business. The
management does not see any issue concerning going concern due to the recent pandemic COVID-19. Besides,
the management is not aware of any other material uncertainties that may cast significant doubt upon the
bank's ability to continue as a going concern.
2.50 Disclosure of FRC Policy on Use of Audited Financial Statements in Processing Loans
Audited Financial Statements are mandatory documents for any existing company at the time of applying for
new loan facility from bank. The bank uses the Audited Financial Statements while assessing any new credit
/ Loan facilities. In compliance with BRPD Circular Letter No. 04, dated January 04, 2021, the bank will obtain
audited financial statements while approving any new loan. It is also mandatory to the client of the bank to
submit annual audited financial statements of the company on an annual basis. Audited Financial Statements
are required to be preserved with the loan file by the bank. However, in some special circumstances where
latest Audited Financial Statements may not be available, the bank uses interim Management Accounts for
the Borrower Risk Rating (BRR) or ICRR for the purpose of renewal of any loan facilities. Such BRR or ICRR
is approved by the Management only for Interim use with an instruction to update the same with the Audited
Financial Statements. However, as per the BRPD Circular Letter 35 dated July 06, 2021, and FRC Letter No.
178/FRC/APR/2021/27(2) dated December 5, 2021, the Bank has implemented verification of financials
through DVS 100% for all our clients which are listed with Stock Exchanges.

Agrani Bank Limited
2.51 Correction of prior year errors
The bank has recorded an LC commission income without following IFRS-15. The bank has recorded BDT 50.00
crore in 2019 and BDT 234.09 crore in 2020 as commission income of LC. The commission income of LC was
overstated by the total amounting to BDT 130.82 crore. Thus, the audit report was modified in this regard. The
bank has corrected the errors in the current year and recorded the transaction accordingly.
The details of the corrections are depicted in the Annexure- O.
2.52 General
a) Figures have been rounded off to the nearest BDT.
b) Prior Year’s figures have been shown for comparison purposes and rearranged wherever necessary to
conform to current year’s presentation.
c) Conversion rate is calculated Based on the simple average of buying and selling rates.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
3 Cash 45,774,772,079 111,440,334,861

3.1 Cash in Hand
Local Currency 8,421,032,824 5,448,846,535
Foreign Currency 78,847,946 153,707,731
8,499,880,770 5,602,554,266
3.2 Balance with Bangladesh Bank and its agent bank

Bangladesh Bank (Note - 3.2.1) 35,340,859,075 103,351,261,414
Sonali Bank Limited as agent of Bangladesh Bank (Note - 3.2.2) 1,934,032,234 2,486,519,181
37,274,891,309 105,837,780,595
Total (Note 3.1+3.2) 45,774,772,079 111,440,334,861
3.2.1 Balance with Bangladesh Bank

Local Currency 38,551,101,927 103,140,841,121
Foreign Currency- (Annexure-E.2) (3,210,242,852) 210,420,293
35,340,859,075 103,351,261,414
3.2.2 Balance with Sonali Bank Limited

Local Currency 1,934,032,234 2,486,519,181
Foreign Currency - -
1,934,032,234 2,486,519,181
3.3 Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR)
Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) have been calculated and maintained under section
33 of Bank Company Act, 1991 (Amended upto 2018) and Department of off-sight supervision (DOS) circular No.
01 dated 19 January 2014.
As per Monetary Policy Department (MPD) Circular No. 03 dated 09 April, 2020 of Bangladesh Bank, all scheduled
Banks are required to maintain a CRR minimum @ 4.0% on bi-weekly basis based on weekly average total demand
and time liabilities (ATDTL) of two months prior to current month and a minimum @ 3.5% on daily basis for
Domestic Banking Operation (DBO) & Islamic Banking Unit (IBU) and as per BRPD circular letter No. 31 dated 18
June, 2020 maintainable required CRR for Offshore Banking Operation (OBO) of bi-weekly basis @ 2.0% & daily
basis @ 1.5% on the same ATDTL.
As per DOS circular No. 01 dated 19 January 2014 Statutory Liquidity Ratio (SLR) is maintained for both Domestic
Banking Operation (DBO) and Offshore Banking Operation (OBO) is @ 13% and SLR for Islamic Banking Unit (IBU)
is @ 5.5% excluding CRR, on the same liabilities in the form of Cash, Balance with Sonali Bank (as an agent of
Bangladesh Bank), Excess of CRR, treasury bills, bonds and debentures including FC balance with Bangladesh
Bank and other eligible securities.
3.3.1 Cash Reserve Requirement (Daily Basis)
Reserve Required @ 3.5 % of Total Demand and Time Liabilities 34,889,696,000 27,780,065,000
Actual Reserve held 38,921,931,000 110,066,841,928
Surplus/ (Deficit) 4,032,235,000 82,286,776,928
3.3.1.a CRR of Islamic Banking Unit (Daily Basis)

Reserve Required @ 3.5 % of Total Demand and Time Liabilities 151,073,000 96,647,000
Actual Reserve held 189,006,000 139,539,000
Surplus/ (Deficit) 37,933,000 42,892,000

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
3.3.2 Cash Reserve Requirement (Bi-Weekly Average)

Required Reserve @ 4 % of Average Demand and Time Liabilities 39,882,483,000 31,757,111,000
Actual Reserve held 38,921,931,000 110,066,841,928
Surplus/(Deficit) (960,552,000) 78,309,730,928
3.3.2.a CRR of Islamic Banking Unit (Bi-Weekly Basis)

Required Reserve @ 4 % of Average Demand and Time Liabilities 172,655,000 110,453,000
Surplus/(Deficit) 16,351,000 29,086,000
3.3.3 Statutory Liquidity Ratio (SLR)

Required Reserve @13 % of Total Demand and Time Liabilities 129,812,498,000 103,403,196,000
Actual Reserve held (Note: 3.3.3.1) 298,252,671,914 283,053,686,955
Surplus/(Deficit) 168,440,173,914 179,650,490,955
3.3.3.1 Actual Reserve Held

Cash in hand 8,499,880,770 5,602,554,266
Excess of CRR - 78,309,730,928
Balance with Sonali Bank (as a agent of BB) 1,934,032,234 2,486,519,181
Un encumbered Approved Securities ( HTM ) 150,571,849,170 101,191,211,510
Un encumbered Approved Securities ( HFT ) 119,434,728,770 71,900,060,100
Other eligible securities (HTM) 17,812,180,970 23,563,610,970
Total 298,252,671,914 283,053,686,955
3.3.4 SLR of Islamic Banking Unit

Required Reserve @ 5.50 % of Total Demand and Time Liabilities 237,401,000 151,873,000
Actual Reserve held (Note: 3.3.4.1) 584,465,000 220,597,000
Surplus/(Deficit) 347,064,000 68,724,000
3.3.4.1 Actual Reserve Held

Cash in hand 6,584,000 6,511,000
Excess of CRR 16,351,000 29,086,000
Eligible Securities (Bangladesh Govt. Islami Investment Bond) 561,530,000 185,000,000
584,465,000 220,597,000
3(a) Consolidated Cash

(i) Cash in Hand
Agrani Bank Limited 8,499,880,770 5,602,554,266
Agrani Equity & Investment Limited - -
Agrani SME Financing Company Limited 548,718 5,351
Agrani Exchange House Private Limited, Singapore 21,598,549 53,312,500
Agrani Remittance House SDN. BHD., Malaysia 40,878 97,906
Agrani Remittance House Canada Inc. 6,376 6,297
Agrani Exchange Company (Australia) Pty. Limited 14,694,174 14,694,174
8,536,769,465 5,670,670,494

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
(ii) Balance with Bangladesh Bank and its agent bank

Agrani SME Financing Company Limited 2,136,958 634,070
Agrani Exchange House Private Limited, Singapore - -
Agrani Remittance House SDN. BHD., Malaysia - -
Agrani Remittance House Canada Inc. - -
Agrani Exchange Company (Australia) Pty. Limited - -
37,277,028,267 105,838,414,665
45,813,797,732 111,509,085,159
4 Balance with Other Banks & Financial Institutions

In Bangladesh (Note - 4.1) 53,544,234,205 47,665,727,105
Outside Bangladesh (Annexure E.1) 8,976,458,106 10,540,884,626
62,520,692,311 58,206,611,731
4.1 In Bangladesh: Local Currency
Banks
Al-Arafah Islami Bank Limited - 1,890,001,480
Exim Bank Limited 1,000,000,000 1,520,000,000
Islami Bank Bangladesh Limited 945,000,000 -
Social Islami Bank Limited 7,271,337,500 3,136,336,250
AB Bank Limited 2,650,000,000 2,350,000,000
Agrani Bank Islami Banking Unit - 2,000,000,000
BASIC Bank Limited 2,000,000,000 3,000,000,000
Karmasangsthan Bank - 2,000,000,000
National Bank Limited 4,000,000,000 3,000,000,000
Ansar VDP Unnayan Bank 100,000,000 -
Meghna Bank Limited 3,000,000,000 -
Mercantile Bank Limited 4,000,000,000 -
Bangladesh Commerce Bank Limited 600,000,000 1,100,000,000
NRB Global Islami Bank Limited 300,000,000 600,000,000
Padma Bank Limited (former The Farmers Bank Limited) 2,000,000,000 1,200,000,000
SBAC Bank Limited - 500,000,000
Union Bank Limited 1,716,000,000 1,530,000,000
ICB Islamic Bank Limited 69,777,577 69,821,037
Rajshahi Krishi Unnayan Bank 3,000,000,000 3,000,000,000
Balance with ABL Islamic Window 248,860,003 276,309,213
32,900,975,080 27,172,467,980

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Non- Bank Financial Institutions

Bangladesh Financial Investment Company Limited 900,000,000 900,000,000
Bay Leasing & Investment Limited 600,000,000 600,000,000
GSP Finance Company Limited 300,000,000 300,000,000
Hajj Finance Limited 400,000,000 400,000,000
IIDFC 200,000,000 200,000,000
Investment Corporation of Bangladesh 10,500,000,000 10,500,000,000
Strategic Finance & Investment ltd 1,500,000,000 1,050,000,000
Lanka Bangla Limited 400,000,000 600,000,000
Reliance Finance Limited 450,000,000 450,000,000
Capm Venture Capital and Finance Limited 50,000,000 50,000,000
Islamic Finance and Investment Limited 100,000,000 200,000,000
Meridian Finance & Investment Limited 150,000,000 150,000,000
MIDAS Financing Limited 100,000,000 100,000,000
National Finance Limited 100,000,000 100,000,000
Phoenix Finance and Investments Limited 600,000,000 600,000,000
Uttara Finance Limited 200,000,000 200,000,000
Bangladesh Industrial Finance Company Limited* 200,000,000 200,000,000
FAS Finance & Investment Company Limited* 369,946,250 369,946,250
First Finance & Investment Limited* 330,000,000 330,000,000
International Leasing and Financial Services Limited* 561,951,250 561,951,250
Peoples Leasing, Finance & Investment Limited* 370,000,000 370,000,000
Premier Leasing & Finance Limited* 561,361,625 561,361,625
Prime Finance & Investment Limited* 500,000,000 500,000,000
Fareast Finance & Investment Company Limited* 600,000,000 600,000,000
Union Capital Limited* 600,000,000 600,000,000
20,643,259,125 20,493,259,125
53,544,234,205 47,665,727,105
* Bank intensely pursuing defaulted NBFIs to repay the FDR amount (Principal and interest) on maturity.
4.2 Balance with Other Banks and Financial Institutions (Account wise)
Current & Other Accounts 8,976,458,106 10,540,884,626
Fixed Deposit Receipts (FDR) 53,544,234,205 47,665,727,105
62,520,692,311 58,206,611,731
4.3 Maturity grouping of balances

On demand 8,976,458,106 10,540,884,626
Within 1 to 3 months 40,754,597,503 31,452,646,943
Within 3 to 12 months 12,789,636,702 16,213,080,162
Within 1 to 5 years - -
More than 5 years - -
62,520,692,311 58,206,611,731

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
4(a) Consolidated balance with other banks and financial institutions

(i) In Bangladesh
Agrani Equity & Investment Limited 110,227,639 69,421,636
Agrani SME Financing Company Limited 27,523,356 25,766,417
53,681,985,200 47,760,915,158
Less: Inter-company transaction(s) - (25,766,417)
53,681,985,200 47,735,148,741
(ii) Outside Bangladesh

Agrani SME Financing Company Limited - -
Agrani Remittance House SDN. BHD., Malaysia 16,665,912 33,009,351
9,183,016,160 10,789,126,510
62,865,001,360 58,524,275,251
5 Money at call and short notice

With Bank
AB Bank Limited 3,500,000,000 5,500,000,000
NRB Bank - 500,000,000
NRB Global Bank Limited - 1,000,000,000
NRBC Bank Limited - 3,000,000,000
SBAC - 2,500,000,000
Dhaka Bank Limited - 1,090,000,000
Midland Bank - 800,000,000
Modhumoti Bank Limited - 250,000,000
National Bank - 410,000,000
Bank Al Falah Limited - 600,000,000
EXIM Bank Limited 3,000,000,000 -
NCC Bank Limited 3,500,000,000 -
SIBL - 4,000,000,000
10,000,000,000 19,650,000,000

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
With Non-Bank Financial Institution

DBH - 700,000,000
Lanka Bangla 100,000,000 370,000,000
IPDC Finance Ltd - 750,000,000
National Finance Limited 30,000,000 -
IDLC - 1,210,000,000
FAS Finance & Investment Ltd.* 70,000,000 70,000,000
Prime Finance & Investment Limited* 60,000,000 60,000,000
Bangladesh Industrial Finance Company Limited* 40,000,000 40,000,000
First Finance Limited* 90,000,000 90,000,000
Peoples Leasing* 240,000,000 240,000,000
Investment Corporation Bangladesh (ICB) 400,000,000 -
Premier Leasing* 10,000,000 10,000,000
1,040,000,000 3,540,000,000
Total 11,040,000,000 23,190,000,000
* Bank intensely pursuing defaulted NBFIs to repay the Call Money amount (Principal and interest).
6 Investments
SLR Securities
Government Securities (Note- 6.1 ) 287,764,516,766 196,209,301,615
Other Investment (Note- 6.2 ) 630,580,970 630,580,970
288,395,097,736 196,839,882,585
Non SLR Securities
Government Securities (Note- 6.1 ) 16,738,280,000 13,054,866,232
Other Investment (Note- 6.2 ) 85,197,213,236 86,314,572,380
101,935,493,236 99,369,438,612
Total 390,330,590,972 296,209,321,197
6.1 Government Securities:

SLR Securities
Treasury Bills (Note- 6.1.1 & Annexure B.1) 126,486,847,155 32,106,373,780
Govt. Treasury Bond/Other Bond/Other Securities (Note- 6.1.2 & Annexure B.2) 159,779,155,458 112,766,016,421
Reverse REPO (Annexure B.4) 1,498,514,153 51,336,911,414

287,764,516,766 196,209,301,615
Non SLR Securities

Govt. Treasury Bond/Other Bond/Other Securities (Note- 6.1.2 & Annexure B.2 ) 16,722,365,000 13,040,349,532
Treasury Bills (Note- 6.1.1 ) - -
Prize Bonds (at cost) 15,915,000 14,516,700
16,738,280,000 13,054,866,232
Total 304,502,796,766 209,264,167,847

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
6.1.1 Treasury Bills
SLR Securities
07 days Bangladesh Bank Bills - -
14 days Treasury Bills - -
91 days Treasury Bills 27,170,831,898 6,034,771,379
Sub total 126,486,847,155 32,106,373,780
Non SLR Securities

91 days Treasury Bills (Lien with B. Bank) - -
- -
Total 126,486,847,155 32,106,373,780
6.1.2 Govt. Treasury Bond/Other Govt. Bond/Other Securities

SLR Securities
2 years Bangladesh Govt. Treasury Bond 27,431,965,409 4,097,728,244
05 Years Bangladesh Govt. Investment Sukuk Bond 3,449,830,000 2,639,730,000
7-10 Yrs.(Agrani Bank-BPC) T.Bond 6,126,800,000 12,126,800,000
9-13 Yrs.(Agrani Bank-BJMC) T.Bond 3,739,100,000 3,739,100,000
7 Yrs.(Agrani Bank-Orion) T.Bond 4,427,400,000 4,427,400,000
5 years Bangladesh Govt. Treasury Bond (Remeasured) 100,044,664 -
10 years Bangladesh Govt. Treasury Bond (Remeasured) 7,221,082,216 894,087,541
15 years Bangladesh Govt. Treasury Bond (Remeasured) 1,777,119,028 -
Bangladesh Govt. Islamic Investment Bond (BGIIB) - 185,000,000
159,779,155,458 112,766,016,421
Non SLR Securities

10, 15 & 20 years Bangladesh Govt. T. Bond (Lien with BB in favour of SCB) 16,722,365,000 13,040,349,532
16,722,365,000 13,040,349,532
Total 176,501,520,458 125,806,365,953

6.1.3
Investment in Government securities classified as per Bangladesh Bank’s DOS Circular Letter No. 05 date 26 May
2008 and DOS Circular Letter No. 05 date 28 January 2009.
Held to Maturity (HTM) (Note: 6.1.3.a) 166,072,068,967 122,300,092,484

Held for Trading (HFT) (Note: 6.1.3.b) 122,323,028,769 74,539,790,101
288,395,097,736 196,839,882,585

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
6.1.3.a Held to Maturity (HTM)

Treasury Bill
14 days Treasury Bills - -
91 days Treasury Bills 128,219,791 3,106,183,024
9,292,347,899 22,667,930,925
Bond/Other Securities
Bangladesh Govt. Islamic Investment Bond (BGIIB) - 185,000,000
7-10 Years.(Agrani Bank-BPC) T.Bond 6,126,800,000 12,126,800,000
9-13 Years.(Agrani Bank-BJMC) T.Bond 3,739,100,000 3,739,100,000
7 Yrs.(Agrani Bank-Orion) T.Bond 4,427,400,000 4,427,400,000
05 Years Bangladesh Govt. Investment Sukuk Bond 561,530,000 894,087,541
5 years Bangladesh Govt. Treasury Bond (Remeasured) 100,044,664 -
15years Bangladesh Govt. Treasury Bond (Remeasured) 1,777,119,028 -
ICB Share 630,580,970 630,580,970
156,779,721,068 99,632,161,559
166,072,068,967 122,300,092,484
6.1.3.b Held for Trading (HFT)

Treasury Bill
182 days Treasury Bills 22,950,186,250 -
Reverse Repo (Treasure Bond) - 17,704,837,350
117,194,499,256 27,143,280,205
Bond/Other Securities
2 years Bangladesh Govt. Treasury Bond 500,549,500 524,267,500
5 years Bangladesh Govt. Treasury Bond - 4,519,751,900
10 years Bangladesh Govt. Treasury Bond 241,165,860 3,895,335,362
15 years Bangladesh Govt. Treasury Bond - 1,415,368,058
20 years Bangladesh Govt. Treasury Bond - 769,983,012
05 Years Bangladesh Govt. Investment Sukuk Bond 2,888,300,000 2,639,730,000
Reverse Repo (Bangladesh Govt. Treasure Bond) 1,498,514,153 33,632,074,064
5,128,529,513 47,396,509,896
122,323,028,769 74,539,790,101

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
6.2 Other Investment

SLR Securities
Shares 630,580,970 630,580,970
630,580,970 630,580,970
Non SLR Securities
Subordinated Bond (Note- 6.2.1 & Annexure-B.3) 71,016,865,319 71,144,070,073
Commercial Paper - 197,000,000
Syndicative Term Loan - 300,000,000
Shares 14,180,347,901 14,673,502,291
Un-approved Debenture (Annexure-D) 16 16
85,197,213,236 86,314,572,380
Total 85,827,794,206 86,945,153,350
6.2.1 Subordinated Bond

AB Bank Subordinated Bond-1 - 100,000,000
Southeast Bank Subordinated Bond - 100,000,000
Floating Rate Dated Subordinated Bond of EBL 40,000,000 80,000,000
Floating Rate Dated Subordinated Bond of Bank Asia 40,000,000 80,000,000
Floating Rate Dated Subordinated Bond of Prime Bank 40,000,000 80,000,000
Floating Rate Dated Subordinated Bond of EXIM Bank 100,000,000 200,000,000
UCBL Subordinated Bond-II 40,000,000 80,000,000
Al-Arafah Islami Bank Subordinated Bond 60,000,000 120,000,000
AB Bank Subordinated Bond II 100,000,000 200,000,000
STANDARD Bank Subordinated Bond - 60,000,000
Dhaka Bank Floating Rate Dated Subordinated Bond 200,000,000 300,000,000
IFIC Bank Coupon Bearing Subordinated Bond 200,000,000 300,000,000
Southeast Bank Subordinated Bond II 180,000,000 270,000,000
Mutual Trust Bank Ltd Subordinated Bond-II 180,000,000 240,000,000
Bank Asia Ltd. 2nd Subordinated Bond 150,000,000 200,000,000
Floating Rate non con. Subordinated Mudaraba Bond (Exim Bank) 300,000,000 400,000,000
DBBL Subordinated Bond 300,000,000 400,000,000
City Bank 2nd Subordinated Bond 170,000,000 200,000,000
Premier Bank Subordinated Bond 200,000,000 200,000,000
Standard Bank Subordinated Bond II 300,000,000 400,000,000
Islami Bank Mudaraba Subordinated Bond 600,000,000 800,000,000
Pubali Bank Ltd. Floating Rate Subordinated Bond 600,000,000 800,000,000
National Bank 2nd Subordinated Bond 150,000,000 200,000,000
FSIBL Subordinated Bond 180,000,000 240,000,000
UCBL 3rd Subordinated Bond 180,000,000 240,000,000
NCC Bank Non-Convertible Subordinated Bond 400,000,000 500,000,000
Rupali Bank Subordinated Bond 1,600,000,000 2,000,000,000
Jamuna Bank Subordinated Bond 400,000,000 500,000,000
Mercantile Bank Subordinated Bond 800,000,000 1,000,000,000
Southeast Bank Subordinated Bond III 1,200,000,000 1,500,000,000
Dhaka Bank Floating Rate Dated Subordinated Bond II 1,200,000,000 1,500,000,000
Prime Bank Subordinated Bond 1,600,000,000 2,000,000,000

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
The Farmers Bank Subordinated Bond 1,000,000,000 1,000,000,000

Al Arafah Islami Bank Mudaraba Subordinated Bond-II 800,000,000 1,000,000,000
ICB Subordinated Bond 5,600,000,000 7,000,000,000
City Bank Ltd. 3rd Subordinated Bond 800,000,000 1,000,000,000
Trust Bank Ltd. Floating Rate Dated Subordinated Bond 1,600,000,000 2,000,000,000
Shahjalal Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond 2,000,000,000 2,500,000,000
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond 2,400,000,000 3,000,000,000
UCB 4TH Floating Rate Dated Subordinated Bond 2,000,000,000 2,500,000,000
DBBL Floating Rate Dated Subordinated Bond-II 1,600,000,000 2,000,000,000
SIBL Floating Rate Dated Subordinated Bond 2,000,000,000 2,500,000,000
FSIBL 3rd Mudaraba Subordinated Bond 300,000,000 300,000,000
Ashuganj Power Station Company Ltd. Bond 1,000,000,000 1,000,000,000
Floating Rate Dated Subordinated Bond of EBL II 1,500,000,000 1,500,000,000
BEXIMCO Communications Limited Corporate Bond-2019 4,500,000,000 4,500,000,000
Rangpur Metal Industries Ltd. Fixed Rate Zero Coupon Bond 216,865,319 304,070,073
IPDC Finance Ltd.Tier II Subordinated Bond 240,000,000 300,000,000
Floating Rate Dated Subordinated Bond of EBL III 750,000,000 750,000,000
Bank Asia Ltd Floating Rate Dated Subordinated Bond-III 2,500,000,000 2,500,000,000
Exim Bank Subordinated Bond-II 2,750,000,000 2,750,000,000
Islami Bank Mudaraba Subordinated Bond II 2,000,000,000 2,000,000,000
The Premier Bank Ltd. Subordinated Bond-2019 500,000,000 500,000,000
Pubali Floating Rate Dated Non-convertible Subordinated Bond 3,000,000,000 3,000,000,000
Best Holdings Ltd. 25% Convertible Secured Bond 1,250,000,000 1,250,000,000
MTB 4th Subordinated Bond 500,000,000 500,000,000
Pubali Floating Rate Dated Non-convertible Subordinated Bond-III(2nd tranche) 1,000,000,000 1,000,000,000
Standard Bank 3rd Subordinated Bond 1,000,000,000 1,000,000,000
Al Arafah Bank Ltd. 3rd Subordinated Bond 2,000,000,000 2,000,000,000
Islamic Finance and Investment Ltd 200,000,000 200,000,000
Southeast Bank Ltd Non Convertible Subordinated Bond 1,250,000,000 1,250,000,000
Dutch Bangla Bank Floating Rate 3rd Subordinated Bond 500,000,000 500,000,000
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond-III(2nd tranche) 1,500,000,000 1,500,000,000
AB Bank Ltd Subordinate Bond IV 750,000,000 750,000,000
Trust Bank Ltd. Floating Rate Subordinated Bond 2,000,000,000 2,000,000,000
EXIM Bank Ltd. Floating Rate Subordinated Bond-IV 2,500,000,000 -
IFIC Bank Floating non convertible Subordinated Bond 1,500,000,000 -
PRAN Agro Ltd. Green Coupon Bearing Bond 500,000,000 -
BEXIMCO Green Sukuk Bond 1,500,000,000 -
NRB Commercial Bank Ltd 500,000,000 -
Southeast Bank Subordinated Bond-V 2,000,000,000 -
71,016,865,319 71,144,070,073

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
6.2.2 Shares
Share Quoted (Annexure-C 1) 5,491,585,456 6,014,739,846
Share Un-Quoted (Annexure-C 2) 9,319,343,415 9,289,343,415
Total 14,810,928,871 15,304,083,261
6.3 Maturity grouping of Investment

On demand 15,915,000 14,516,700
Less than 3 months 62,917,643,124 69,745,978,010
More than 3 months but less than 1 year 89,491,624,995 47,393,651,653
More than 1 year but less than 5 year 119,805,745,000 85,914,255,904
More than 5 years 118,099,662,853 93,140,918,930
390,330,590,972 296,209,321,197
6.4 Net Investments:
Carrying amount 390,330,590,972 296,209,321,197
Less: Provision (Note - 12.11) (3,009,164,819) (2,847,714,984)
Net Investment 387,321,426,153 293,361,606,213
6(a) Consolidated investments

(i) Government Securities
304,502,796,766 209,264,167,847
(ii) Others
Agrani Equity & Investment Limited 8,383,349,526 9,174,824,412
94,273,921,577 96,182,980,162
Total Investments (i+ii) 398,776,718,343 305,447,148,009
7 Loans and Advances

In Bangladesh (Note - 7.1.1) 577,346,408,434 501,783,712,608
Outside Bangladesh (Note - 7.1.2) 14,654,082,559 13,518,450,429
Bills Purchased & Discounted (Note - 7.1.3) 5,902,359,494 4,138,674,987
597,902,850,487 519,440,838,024

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
7.1.1 In Bangladesh
a) Loans
Rural Credits 21,075,232,681 19,702,464,685
Weavers Credits 5,690,020 13,148,747
Industrial Credits 155,585,321,926 138,012,027,117
Jute Advances 3,029,290,285 2,707,351,052
Leather Sector Advances 2,835,664,302 2,646,046,875
Staff Loans 46,596,037,725 44,922,499,435
SME Sector Advances 112,758,512,711 92,845,266,173
Loan - Others (Note - 7.1.4) 136,230,704,081 115,550,004,501
478,116,453,731 416,398,808,585
b) Cash Credits
Jute Advances 8,992,258,301 9,491,003,818
Leather Advances 2,867,150,972 2,598,568,320
Rural Credit (COVID-19) 411,986,344 323,984,577

Working Capital (COVID-19) 126,408,805 150,000,000
Others 69,042,700,160 59,143,302,530
Export Cash Credit (ECC) 22,983,000 -
Interest Blocked A/c - 145,274,743

81,463,487,582 71,852,133,988
c) Overdrafts
Secured Overdraft 17,319,324,297 13,299,731,126
Temporary Overdraft 418,373,856 231,720,564
Supply Chain Finance 28,768,968 -
Interest Blocked A/c - 1,318,345

17,766,467,121 13,532,770,035
Total in Bangladesh (a+b+c) 577,346,408,434 501,783,712,608
7.1.2 Outside Bangladesh (Off-shore banking) 14,654,082,559 13,518,450,429
7.1.3 Bills Purchased & Discounted (Note - 7.10) 5,902,359,494 4,138,674,987

Total Loans and Advances 597,902,850,487 519,440,838,024
7.1.4 Loan - Others

General House Building Loan (Residence) 15,825,709,340 14,756,811,479
Loan against Trust Receipt 7,646,842,830 7,378,471,589
Segregated Loan* 1,545,120,970 1,657,185,290
Transport Loan 4,419,257,379 4,919,905,629
Bridge Finance 1,106,566,220 1,008,059,124

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Consumers Loan 870,183,733 1,023,608,421

Small Loan 16,824,148 17,538,799
Loan against DPS 209,483 1,073,617
Loan against APS 6,200,728 8,516,490
Loan against FDR 539,691,284 611,467,317
Loan against cash subsidy 351,035,447 159,314,071
Demand Loan (Note - 7.1.5) 20,615,960,365 35,353,353,759
Loan against ABS 1,941,361,464 2,078,330,640
General House Building Loan (Commercial) 16,593,734,249 16,171,995,632
Loan against MDS 938,307 1,666,674
Loan against ADBS 15,984 147,628
PDB-SHB Loan 21,643,625 -
Loan against ABBJL 43,044,604 35,203,114
Green Financing 194,387,821 194,413,773
Packing Credits 4,017,823,341 2,876,103,548
Loan Against Imported Merchandise (LIM) 186,120,643 227,778,259
Payment Against Documents (PAD) (Note - 7.1.6) 2,972,400,524 1,277,632,733
Post Import Finance (PIF) 4,695,540 -
Overdue Accepted Payment (OAP) 98,598,832 -
Personal Loan 28,702,180,534 16,898,189,777
Loan for Registered Freedom Fighters 1,230,415,473 1,060,295,608
Any Purpose Loan 2,957,300,154 2,128,113,429
Loan against Pension of Retired officer/staff 332,994,270 229,761,292
Loan against Millionaire Deposit Scheme 488,953 337,680
Agrani Abas 5,406,645 1,500,000
Projukti Bikashe Agrani 55,471,234 -
EHB Loan - Public Universities 91,677,633 -
Probashir Ghore Fera Loan 94,007,219 -
Term Loan Converted from Demand Loan 19,760,309,180 -
General Transport Loan 9,365,950 -
Interest Blocked A/C-Others Loan - 142,463,881
Women Credit Programme 3,255,207 6,223,637
Short Term SME Loan 2,373,381,971 1,715,314,303
House building Loan for Govt. Employees 607,131,370 368,207,437
Refinance Scheme- Micro Credit (COVID-19) 135,518,378 50,126,389
Block A/c- Loan Re-scheduled & One time Exit Policy 853,433,049 880,987,968
Loan Against Workers Salary (COVID-19) - 1,338,514,704
Loan Against Workers Salary Under Working Capital - 971,390,810
136,230,704,081 115,550,004,501
*Segregated loans are separately kept loans with special purpose with an intention of early recovery.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
7.1.5 Demand Loan

Cash L/C (Garments) 7,690,264,609 7,042,284,000
Cash L/C (Others) 2,767,408,564 22,482,837,897
Back to back L/C 8,088,480,358 2,613,118,862
Export Development Fund (EDF) L/C 1,878,242,427 2,993,174,000
Usance Payable at Sight (UPAS) L/C 191,564,407 221,939,000
20,615,960,365 35,353,353,759
7.1.6 Payment Against Documents (PAD)

Cash 445,627,831 690,611,991
Inland 108,017,887 92,361,429
Back to Back L/C 131,886,560 115,918,631
Term Loan- (Rescheduled) 9,696,425 143,867,559
Garments - 100,534,728
Export Development Fund (EDF) 2,277,171,821 134,338,395
2,972,400,524 1,277,632,733
7.2 Maturity grouping of loans and advances

Repayable on demand 30,636,267,443 35,112,206,049
Not more than 3 months 39,085,612,081 61,594,288,301
More than 3 months but not more than 1 year 164,497,620,858 162,302,232,479
More than 1 year but not more than 5 years 202,775,760,970 123,940,428,645
More than 5 years 160,907,589,135 136,491,682,550
597,902,850,487 519,440,838,024
7.3.a Disclosure for significant concentration

Advances to allied concerns of Directors - -
Advances to Managing Director - -
Advances to Other Executives 46,596,037,725 44,922,499,435
Advances to Customers’ Group 395,721,490,836 336,506,311,472
Industrial Credits 155,585,321,926 138,012,027,117
597,902,850,487 519,440,838,024
7.3.b Disclosure for sector-wise loans and advances

Government sector 6,411,966,463 671,872,000
Other public sector 17,042,308,206 5,873,428,000
Private sector 574,448,575,818 512,895,538,024
597,902,850,487 519,440,838,024
7.3.c Disclosure on large loan

As per Bangladesh Bank circular no. BRPD 02, dated 16.01.2014 loan sanctioned to any individual or enterprise or
any organization of a group amounting to 10% or more of total capital of the Bank are shown in Annexure- K.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
7.3.d Disclosure on large loan re-structuring

No large loan has been re-structured during the year 2021 & 2020 under BRPD circular No. 04 date 29 January
2015 of Bangladesh Bank.
7.4 Geographical Location - wise Loans and Advances
A. Urban:
Dhaka Region 383,771,948,312 338,244,923,166
Chittagong Region 25,426,612,572 25,563,744,892
Khulna Region 30,844,011,076 25,810,137,745
Rajshahi Region 22,417,078,281 19,400,874,639
Barisal Region 6,755,392,564 6,055,528,633
Sylhet Region 6,967,474,122 5,221,597,603
Rangpur 18,103,299,496 13,100,429,213
Mymensing Region 17,321,682,766 13,119,738,963
Comilla Region 9,368,645,871 8,501,022,938
Faridpur Region 6,917,966,038 6,604,449,817
Sub Total 527,894,111,098 461,622,447,609
B. Rural:
Dhaka Region 9,550,435,210 8,436,227,517
Chittagong Region 929,152,932 801,387,346
Khulna Region 13,249,935,822 11,095,040,186
Rajshahi Region 11,805,987,258 9,681,267,699
Barisal Region 5,345,376,851 4,532,910,329
Sylhet Region 2,754,303,357 2,116,290,643
Rangpur 9,338,966,863 7,150,041,385
Comilla Region 4,074,573,028 3,754,705,749
Faridpur Region 2,916,707,595 2,278,547,763
Sub Total 70,008,739,389 57,818,390,415
Total (A + B) 597,902,850,487 519,440,838,024
7.5 Sector-wise Loans and Advances

Agriculture and Fishery 21,075,232,682 19,702,464,685
Jute & Jute Goods 12,021,548,586 12,198,354,869
Transport Storage & Communication 6,598,299,998 7,881,691,000
Ship Breakings 5,435,200,000 850,200,005
Textile & Readymade Garments 119,447,764,880 82,603,292,000
Food & Allied Industry 9,863,900,000 4,664,889,050
Construction & Engineering 18,722,400,098 22,944,252,010
Pharmaceuticals and Chemicals 11,251,100,010 4,464,703,010
Leather Sector 5,702,815,273 5,244,615,195
Power Sector 10,421,300,680 11,042,100,680

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Professional and Services 11,172,800,262 7,567,140,263

Housing Service 15,825,709,340 14,756,811,478
Wholesale/Retail Trading 149,787,900,510 114,946,700,510
Personal (staff and other personal loan) 85,298,218,259 61,820,689,212
Others 115,278,659,909 148,752,934,057
597,902,850,487 519,440,838,024
7.6 Loans & Advances are Classified as per Bangladesh Bank Circular
Unclassified :
Standard (including staff loan) 477,526,273,744 437,495,551,176
Special Mention Account 20,503,509,467 17,220,420,162
498,029,783,211 454,715,971,338
Classified:
Sub-Standard 7,065,175,827 4,632,100,653
Doubtful 3,650,558,282 3,427,294,634
Bad & Loss 89,157,333,167 56,665,471,399
99,873,067,276 64,724,866,686
597,902,850,487 519,440,838,024
7.7 Loans & Advances (Category wise)

A. Inside Bangladesh
I. Continuous loan (CL-2)

Small & Medium Enterprise Finance 90,772,195,029 73,505,203,269
Other Than Small & Medium Enterprise Finance 109,860,920,919 94,868,919,785
200,633,115,948 168,374,123,054
II. Demand loan (CL-3)
Small & Medium Enterprise 56,904,169 5,775,831
Other Than Small & Medium Enterprise 35,235,299,827 27,425,046,697
35,292,203,996 27,430,822,528
III. Term loan (CL-4)
Small & Medium Enterprise Finance 20,313,190,735 15,705,879,077
Consumer Finance (including staff, other than HF) 870,683,729 1,023,608,421
Housing Finance (HF) 32,419,443,576 30,928,807,111
Loans for Professional Set-up Business 474,824,860 198,160,336
Others 272,777,056,148 243,116,200,092
326,855,199,048 290,972,655,037
IV. Short term agri credit and microcredit (CL-5)
Short Term Agri Credit 18,882,098,301 17,676,865,462
Micro Credit 1,586,150,635 1,467,921,514
20,468,248,936 19,144,786,976
B. Outside Bangladesh (Off-shore Banking Unit) 14,654,082,559 13,518,450,429
Total Loans & Advances (Inside & Outside Bangladesh) (A+B) 597,902,850,487 519,440,838,024

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
7.8 Movement of classified loans and advances

Opening balance 64,724,866,686 66,428,205,037
Less: Cash Recovery 2,187,800,000 2,183,800,000
Less: Re-scheduling 4,813,400,000 7,021,300,000
Less: Written-off 201,500,000 290,100,000
7,202,700,000 9,495,200,000
Add: Newly classified during the year 42,350,900,590 7,791,861,649
99,873,067,276 64,724,866,686
7.9 Particulars of Loans and Advances:

Loans considered good in respect of which of the banking
508,109,641,634 440,534,386,215
company is fully secured
Loans considered good against which the banking company
33,920,428,523 43,173,795,726
holds no security other than the debtor’s personal guarantee
Loans considered good secured by the personal undertakings of
one or more parties in addition to the personal guarantee of the 55,872,780,330 35,732,656,083
debtors
Loans adversely classified, for which no provision is created - -
597,902,850,487 519,440,838,024
Loans due by directors or officers of the banking company or any

46,596,037,725 44,922,499,435
of them either separately or jointly with any other persons
Loans due from companies or firms in which the directors of
the banking company have interests as directors, partners or - -
managing agents or in case of private companies as members
Maximum total amount of advances including temporary advance

made at any time during the year to directors or managers
46,596,037,725 44,922,499,435
or officers of the banking companies or any of them either
separately or jointly with any other person
Maximum total amount of advances including temporary advances
granted during the year to the companies or firms in which the
- -
directors of the banking company have interests as directors, partners
or managing agents or in the case of private companies as members
Due from bank companies - -
Amount of classified loan on which interest has not been

charged, mentioned as follows:
(Decrease) / increase in provision 1,246,396,090 1,215,582,425
Amount of loan written off 201,500,000 290,100,000
Amount realized against loan previously written off 543,850,477 440,715,331
Amount of provision kept against loan classified as ‘bad/loss’ on

the date of preparing the balance sheet 27,495,481,724 26,633,388,249
Interest creditable to the Interest Suspense A/c 8,313,602,218 10,176,979,603
Opening balance of cumulative amount of the written off loan 55,389,400,000 55,099,300,000
Add: Written off during the current period 201,500,000 290,100,000
Closing balance of cumulative amount of the written off loan 55,590,900,000 55,389,400,000
Less: Cumulative recovery from written off loan (15,136,500,000) (14,400,800,000)
Outstanding balance 40,454,400,000 40,988,600,000
Amount of written off loan for which lawsuit has been filed 40,454,400,000 40,988,600,000

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
7.10 Bills purchased and discounted:

In Bangladesh 2,684,049,739 1,965,919,676
Outside Bangladesh 3,218,309,755 2,172,755,311
5,902,359,494 4,138,674,987
7.11 Maturity grouping of bills purchased and discounted:

Payable within 1 month - -
Over 1 month but less than 3 months 5,902,359,494 4,138,674,987
Over 3 months but less than 6 months - -
6 months or more - -
5,902,359,494 4,138,674,987
7.12 Net Loans and advances:

Carrying amount 597,902,850,487 519,440,838,024
Less: Interest suspense and penal interest (35,002,815,875) (30,670,325,278)
Provision for loans & advances (Note-12.9) (40,998,115,270) (39,470,415,462)
(76,000,931,145) (70,140,740,740)
521,901,919,342 449,300,097,284
7(a).1 Consolidated loans, advances and leases/investments

Agrani Equity & Investment Limited 2,189,709,586 509,295,279
Agrani SME Financing Company Limited 2,662,491,652 2,256,985,746
602,755,051,725 522,207,119,049
Less: Inter-company transaction (s) (4,936,448,526) (4,683,728,595)
597,818,603,199 517,523,390,454
Consolidated loans & advances are classified as per Bangladesh

7(a).2
Bank circular
Unclassified
Special Mention Account 20,513,481,548 17,237,913,694
502,831,780,694 457,419,792,120
Classified
Sub-Standard 7,069,664,444 4,648,316,777
Doubtful 3,658,734,963 3,440,403,673
Bad & Loss 89,194,871,624 56,698,606,479
99,923,271,031 64,787,326,929
602,755,051,725 522,207,119,049
597,818,603,199 517,523,390,454

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Loans & Advances are Classified as per Bangladesh Bank

7(a).3
Circular: Agrani SME Financing Company Limited
Unclassified
Special Mention Account 9,972,081 17,493,532
2,612,287,897 2,194,525,503
Classified
Sub-Standard 4,488,617 16,216,124
Doubtful 8,176,681 13,109,039
Bad & Loss 37,538,457 33,135,080
50,203,755 62,460,243
2,662,491,652 2,256,985,746
8 Fixed assets including land, buildings, furniture and fixtures

a. Property, Plant & Equipment (Annexure G)
Cost/ Valuation
Balance at the beginning of the year 20,035,363,080 19,083,277,421
Addition during the year 194,910,394 1,005,842,173
Revaluation during the year - -
Transfer to non-banking assets - (21,998,201)
Disposal during the year (18,442,877) (31,758,313)
Balance at the end of the year 20,211,830,597 20,035,363,080
Less: Accumulated Depreciation

Depreciation charge for the year 295,444,785 368,793,783
Disposal during the year (14,905,160) (24,951,913)
Written Down Value (WDV) 15,102,082,722 15,206,154,830
b. Lease Assets
Right-of-use assets 743,478,233 815,707,448
Less: Accumulated depreciation on lease assets (227,736,211) (143,707,785)
515,742,022 671,999,663
Total (a+b) 15,617,824,744 15,878,154,493
8(a) Consolidated Fixed assets including land, buildings, furniture and fixtures
Written Down Value (WDV)
Agrani Equity & Investment Limited 846,245 1,083,581
Agrani Exchange Company (Australia) Pty. Limited 178,546 178,546
15,697,408,347 15,982,551,009

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
9 Other Assets
Income generating Other Assets
Investment in shares of subsidiary companies (Note - 9.1) 6,019,433,350 6,019,433,350
6,019,433,350 6,019,433,350
Non-income generating Other Assets

Stationery, stamps, printing materials etc. 117,808,715 103,163,898
Suspense Account (Note - 9.2) 2,652,244,719 2,553,511,658
Accrued Income (Note - 9.3) 5,669,674,100 5,744,170,731
Receivable From Govt. 9,322,302 5,057,576
Advance Deposits & prepayments 3,335,473 3,814,246
Advance Tax Paid (Annexure-F) 24,945,456,432 22,427,375,885
Advance against VAT 126,219,354 -
Advance Rent 128,248,017 155,484,429
Work in Progress for Consulting of Bank building 742,287,876 712,784,034
Interest Subsidy Payments (COVID-19) (5,405,789) -
Demonetized Notes 183 184
Debit balance of Al-Rajhi Foreign Exchange 1 1
Army pension 2,950,929,925 3,413,158,455
Civil pension 1,926,126 10,811,773
Purchase of WES Bond 482,490,214 120,161,388
Payment against sanchaya patra 4,582,399,318 4,398,921,304
Pension paid- Staff 271,286,924 169,725,625
D.D paid without advice 214,103,900 186,868,418
Protested Bills 67,608,904 69,005,062
Exempted Loans 47,396,483 47,417,008
Interest on Exempted Loans 413,970,512 414,034,369
Deferred Tax Assets (Note - 9.4) 10,389,124,956 9,789,170,186
Foreign Correspondent draft paid 5,413,556 9,184,495
Balance with Indian Bank 23,505 23,505
Balance with Pakistani Bank 1 1
Software Purchase (Note - 9.5) 1,466,930,173 1,686,736,984
Advance payment for upgrading software 770,662,184 -
Dividend Receivable from Preference Share 361,164,384 241,164,384
Receivable/(Payable) against Sale/Buy of Share of ICB 49,015,332 43,313,841
Receivable from Agrani Remittance House Canada Inc. 33,566,319 29,197,654
Receivable from Agrani Exchange Company (Australia) Pty. Limited 29,402,844 32,490,121
Discount Receivable on Treasury Bill - 500,000,000
Interest Receivable-SMESPD (COVID-19) 243,802,120 805,528
Interest Subsidy Receivable-Working Capital (COVID-19) 212,519,967 -
Branch adjustment (Note- 9.6) 8,389,132,258 9,412,893,607
65,372,061,288 62,280,446,350
Total 71,391,494,638 68,299,879,700

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
The bank is required to deduct Deferred Tax Assets of BDT 1,038.91 crore and Intangible Assets of BDT 146.69
crore from Tier-1 Capital as per Bangladesh Bank Guidelines on Risk Based Capital Adequacy (RBCA) (Revised
Regulatory Capital Framework for banks in line with Basel III) dated December 2014. The Bangladesh Bank has
allowed deferral for non-deduction of Deferred Tax Assets and Intangible Assets from Tier-1 Capital vide letter
no- DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. The bank will have to follow the following for the
deduction of Deferred Tax Assets balances:
CRAR calculation date Deduction rate

31 December 2022 20%
31 December 2026 100%
9.1 Investment in shares of subsidiary companies

Agrani SME Financing Limited 1,000,000,000 1,000,000,000
Agrani Exchange House Pvt. Limited, Singapore 6,457,000 6,457,000
Agrani Exchange Company (Australia) Pty. Limited (Annexure-R) 4,000,965 4,000,965
Agrani Remittance House Canada Inc. (Annexure-R) 8,217 8,217
6,019,433,350 6,019,433,350
9.2 Suspense Account:

Sundry debtors -staff 49,800 1,908,195
Sundry debtors -other 2,530,491,960 2,382,201,576
Legal charges 847,256 1,335,492
Clearing adjustment 4,924,756 1,689,405
Advance against petty cash 10,770 8,415
Loan application form 1,370,903 1,497,880
Defective/Mutilated/Burnt Notes 5,207,060 4,677,195
Clearing Suspense 853,650 96,509
Remittance only point 62,661,906 74,487,725
Clearing Suspense A/C for T-24 Branch 43,721,416 83,748,166
Premium paid XPB 2,105,242 1,861,100
2,652,244,719 2,553,511,658
9.3 Accrued income:

Accrued interest on loans & advances 273,134,911 275,479,626
Accrued interest on balance with other banks & financial institutions 892,765,519 812,435,624
Accrued interest on investment 2,461,121,664 2,291,361,505
Accrued Interest on Reverse Repo 9,846,687 683,643,449
Accrued Interest on Other Bond 1,606,276,611 1,508,512,017
Accrued interest on branch adjustment 4,287,046 4,800,047
Accrued commission, exchange & brokerage 271,712,209 109,203,614
Accrued other operating income 150,529,453 58,734,849
5,669,674,100 5,744,170,731

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
9.4 Deferred Tax:

Deferred tax has been computed in accordance with provision of IAS -12 based on taxable temporary differences
in the carrying amount of the assets/liabilities and their tax base as follows:
i) Written down value of fixed assets

a. Carrying amount (excluding land & building) 1,105,393,133 1,180,805,354
b. Tax base 965,646,848 1,031,162,053
c. (Taxable)/deductible temporary difference (b-a) (139,746,285) (149,643,301)
Applicable tax rate 40.00% 40.00%
Deferred tax asset/(liabilities) (55,898,514) (59,857,320)
ii) Provision for (Bad & Loss) Loans and Advances *

a. Carrying amount (27,495,481,724) (26,633,388,249)
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 27,495,481,724 26,633,388,249
Deferred tax asset/(liabilities) 10,998,192,690 10,653,355,300
iii) Provision for Superannuation Fund during the year (Note-12.17)

b. Tax base - -
Deferred tax asset/(liabilities) 680,000,252 415,205,562
iv) Provision for Death Relief Grant Scheme during the year (Note-12.19)
a. Carrying amount (141,648,771) (60,798,771)
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 141,648,771 60,798,771
v) Provision for investment fluctuation in share (Note-12.11)

b. Tax base - -
vi) Provision for Balance with Other Bank & NBFIs (FDR & Call
Money) (Note-12.13, 12.14)
a. Carrying amount (1,030,000,000) (950,000,000)
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 1,030,000,000 950,000,000

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
vii) Accrued interest on Govt. Securities (Note-9.3)

a. Carrying amount 4,067,398,275 3,799,873,522
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) (4,067,398,275) (3,799,873,522)
Deferred tax asset/(liabilities) (1,626,959,310) (1,519,949,409)
viii) Carry forward of loss on sale of share in current year

b. Tax base - -
ix.a) Revaluation reserve on Land

b. Tax base - -
Applicable tax rate * 4.00% 4.00%
ix.b) Revaluation reserve on Land

b. Tax base - -
Applicable tax rate * 3.00% 3.00%
x) Revaluation reserve on Building

a. Carrying amount 465,511,959 480,059,208
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) (465,511,959) (480,059,208)
Total deferred tax assets/(liabilities)-A 10,389,124,956 9,789,170,186
* As per 53H of Income Tax Ordinance 1984, 17II of Income Tax Rules 1984 and under the clause (b), (c), or (e) or
subsection (1) of section 17 of the Registration Act 1908
9.4.a Year wise Deferred Tax breakdown for last 10 years

Year
2011 2,796,355,659
2012 4,398,529,766
2013 6,554,559,973
2014 6,961,853,368
2015 8,344,803,824
2016 11,208,175,703
2017 10,969,742,516
2018 11,762,791,741
2019 11,021,082,205
2020 9,789,170,186
2021 10,389,124,956

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Fixed assets, revaluation reserve of land and building, provision for bad/loss loan & advances, death relief grand
scheme for the departed employees and loss of revaluation of shares have been considered during calculation
of deferred tax due to having considerable taxable temporary differences. As per calculation of Deferred Tax
Assets balance for the year ended December 31, 2021 has increased by the amount of BDT 599,954,770 which
charged to profit and loss account.
The carrying amount has been arrived at by estimating temporary differences (based on analysis of prior years’
relevant figures) on account of bad/loss debts that are likely to be written off in future years out of the year end
total amount of provision for bad and loss loans and advances BDT 27,495,481,724.
As per BRPD Circular no. 11 dated 12 December 2011, the above amount of deferred tax originated against
specific loan loss provision and included in the accumulated retained earning is not distributable as dividend.
9.5 Software
Cost
Addition during the year - 4,603,500
Disposal / Transfer during the year (88,413) (118,000)
Less: Accumulated Amortization

Balance at the beginning of the year 510,223,155 387,976,656
Amortization charge for the year 219,692,417 122,333,819
Disposal / Transfer during the year 25,981 (87,320)
Balance at the end of the year 729,941,553 510,223,155
Net Value 1,466,930,173 1,686,736,984
9.6 Branch adjustment Account

Debit balance
Main Office Account (MO) 1,161,825,252,967 1,161,668,856,871
New General Account (NG) 1,155,701,898,581 1,155,481,812,996
Instant Financial Massaging System (IFMS) 21,258,446,698 21,258,446,698
Inter-Branch Account for Online Transactions 1,624,151,352,567 1,420,047,203,618
Computerized Main Office Account (CMO) 799,918,588,178 885,911,657,825
Computerized New General Account (CNG) 1,606,794,534,354 1,463,586,160,742
6,369,650,073,345 6,107,954,138,750
Less:- Credit balance
Main Office Account (MO) (1,163,335,366,597) (1,162,354,815,465)
New General Account (NG) (1,155,594,969,470) (1,155,570,840,726)
Instant Financial Massaging System (IFMS) (21,278,495,787) (21,278,495,787)
Inter-Branch Account for Online Transactions (1,624,245,461,057) (1,420,046,164,843)
Computerized Main Office Account (CMO) (795,567,054,411) (880,943,949,323)
Computerized New General Account (CNG) (1,601,239,593,765) (1,458,346,978,999)
(6,361,260,941,087) (6,098,541,245,143)
8,389,132,258 9,412,893,607

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
During the year net balance of Branch Adjustment arrived as debit which has been shown under head “Other
Assets “. The net debit balance of Branch Adjustment account arrived due to transit in responding entries.
9.7 Non-banking Assets
The Bank has got the possession of ownership of the mortgage properties according to the judgment of
the Honorable Court in accordance with the section 33(7) of “Artha Rin Adalat-2003”. An amount of BDT
430,452,997 is reported in the financial statements as Non-Banking assets.
9(a) Consolidated Other Assets

71,922,133,898 68,980,297,085
65,839,731,385 62,899,175,960
10 Borrowing from other banks including financial institutions & agents 11,454,749,732 8,912,797,205
10.1 Borrowing from:

Bangladesh Bank (COVID-19, Refinance Fund for Working Capital) 3,445,134,614 2,332,631,630
Bangladesh Bank (COVID-19, Refinance Fund for SMESPD2) 296,301,589 100,835,751
Bangladesh Bank (COVID-19, Refinance Fund for Salary) 989,116,837 1,335,307,730
Bangladesh Bank (Refinance Fund for Banka basur) 23,893,500 163,389,000
Bangladesh Bank (Refinance Fund for Jute) 266,850,000 416,500,000
IFAD Loan 6,338,998 5,816,333
Enterprise Growth and Bank Modernization Project (EGBMP) 215,159,043 207,239,079
Local Bank - 500,000,000
Foreign Bank 4,893,430,913 5,080,000
Credit Balance of NOSTRO Accounts (Annexure E.1) 1,318,524,238 3,845,997,682
11,454,749,732 8,912,797,205
10.2 Classification into the following broad categories:

In Bangladesh 5,242,794,581 5,061,719,523
Outside Bangladesh 6,211,955,151 3,851,077,682
11,454,749,732 8,912,797,205
10.3 Borrowing nature:

Secured Borrowing (Secured by D.P Notes and agreements) 10,136,225,494 5,066,799,523
Unsecured borrowing 1,318,524,238 3,845,997,682
11,454,749,732 8,912,797,205

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
10.4 Maturity - wise grouping:

On demand 1,318,524,238 3,845,997,682
Less than 3 months 4,893,430,913 505,080,000
More than 3 months but less than 1 year 5,027,635,538 -
More than 1 year but less than 5 year 215,159,043 3,768,775,111
More than 5 years - 792,944,412
11,454,749,732 8,912,797,205
10.5 Agrani Bank 1st Subordinate Bond (Note-10.5.i) 4,400,000,000 5,800,000,000
10.5.i Agrani Bank 1st Subordinate Bond

Non-Convertible Subordinated Bond.
The Bank with due approval from Bangladesh Bank and BSEC issued a 7-year Non-convertible Fully Redeemable
Floating Rate Subordinated Bond of BDT 7000.00 million (face value @ BDT 10.00 million) in which 6000.00 million
issued in December 2017 and 1000.00 million issued in December 2018 through private placement to enhance
Tier - II capital. The Bond will be redeemed at the end of 3rd, 4th, 5th, 6th and 7th year of maturity at 20% per year.
Coupon rate of the issued bonds is variable with a floating rate between 7.00% and 10.00%. The instrument i.e. the
Bond has been rated and awarded ‘A’ by Alpha Credit Rating Limited in the long term with validity upto December
19, 2022. Although it’s a recognized component of Tier - II capital, the outstanding amount of the Bond is shown as
a borrowing as per BB guidelines/ instruction. Following is the list of subscribers to this Bond:
Aggregate Principal Aggregate Principal

Investors Name Amount of the Bond Amount of the Bond
Subscribed Subscribed
Janata Bank Limited 4,000,000,000 4,000,000,000
Investment Corporation of Bangladesh 3,000,000,000 3,000,000,000
Less: Redemption (2,600,000,000) (1,200,000,000)
Total 4,400,000,000 5,800,000,000
10(a) Consolidated borrowing from other banks, financial institutions and agents
Agrani SME Financing Company Limited 1,041,468,113 704,879,113
16,409,325,758 13,596,525,800
11,472,877,232 8,912,797,205
11 Deposits and other accounts 1,008,643,899,308 920,654,677,312
11.1 Deposits and Other Accounts (Category wise)

Current & Other Account (Note - 11.1.1) 236,063,731,612 258,636,387,050
Bills payable (Note - 11.1.2) 13,301,382,276 9,830,029,826
Saving Bank Deposits (Note - 11.1.3) 267,448,580,822 234,881,742,035
Fixed Deposits (Note - 11.1.4) 491,830,204,598 417,306,518,401
1,008,643,899,308 920,654,677,312

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
11.1.1 Current & Other account

Current Deposits (Note - 11.1.1.i) 57,612,154,826 58,237,081,422
Balance with ATM 822,398 822,398
Sundry Deposits (Note - 11.1.1.ii) 14,792,637,119 13,130,242,814
Special Time Deposits (11.1.1.iii) 163,577,248,278 187,188,285,489
Call Deposits (Note - 11.1.1.iv) 80,868,991 79,954,927
236,063,731,612 258,636,387,050
11.1.1.i Current Deposits

Current Deposit-Government Organizations 6,890,709,394 6,901,058,625
Current Deposit-Autonomous and Semi Autonomous Org 5,478,146,213 3,514,937,490
Current Deposit-Non Financial Public Enterprises 2,311,958,164 4,249,604,517
Current Deposit-Local Authority 2,473,931,748 2,611,730,571
Current Deposit-Insurance Co.s & Pension Funds Public 243,861,299 663,645,853
Current Deposit-Public Non-Banking Financial Org 616,441,671 522,999,246
Current Deposit-Other Financial Public Organizations 121,309,744 2,569,974,467
Current Deposit-Other Banks 1,786,751,213 1,078,446,603
Current Deposit-Individuals and Others 35,477,306,139 33,279,126,139
Current Deposit-Foreign Currency 2,145,731,891 2,735,932,742
Current Deposit-Miscellaneous 66,007,350 109,625,169
57,612,154,826 58,237,081,422
11.1.1.ii Sundry Deposits

General Provident Fund 6,072,591,147 5,391,887,021
Margin on Bills purchased 11,342,726 11,507,726
Margin on Letters of Credit 5,669,479,864 4,823,736,495
Margin on Letters of Guarantee 751,230,268 563,215,406
Miscellaneous Margin 34,872,288 29,580,217
Foreign Currency 30,058,681 150,487,918
Key Deposit 14,313,752 13,293,415
Staff Cash Security 22,143,578 23,012,105
Foreign correspondence charges 2,240,131 1,593,393
F. C Exp. Proceeds 437,850,960 214,601,623
Commission Payable to Govt. 45,406,441 45,458,091
Premium paid XPB 1,313,166 856,976
Clearing Adjustment 1,892,126 6,435,555
Self Employment Promotion 1,269,979 443,746
Teachers Payment 439,205,701 460,652,862
Boisko Bhata 4,280,335 116,964,192
Female Secondary School Assistance Project (Stipend) 8,352,110 9,066,473
Freedom Fighter Allowance 72,314,460 56,984,620
Army Pension 35,978,280 55,616,584
Small Enterprise Development - 474,789
Rural Finance Programme 5,278,076 6,151,254
Hajj Deposit 1,246,848 522,784
Others 944,488,013 1,036,840,568

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Clearing Cheque Sent for Collection T24 23,338,475 1,574,469

Debit Card Remote ON-US Transactions 122,207,403 78,275,538
Debit Card Remote ON-US Commission 38,532,931 29,599,613
SEQAEP Pre-paid Card Fees 1,409,380 1,409,381
14,792,637,119 13,130,242,814
11.1.1.iii Special Notice Deposits

Special Notice Deposit -Government Org. 41,851,716,022 45,010,731,608
Special Notice Deposit -Autonomous and Semi Autonomous Organizations 37,207,372,730 22,613,493,849
Special Notice Deposit -Non Financial Pub Enterprise 59,947,436,578 100,555,885,255
Special Notice Deposit -Local Authority 2,736,855,036 3,172,290,698
Special Notice Deposit -Insurance Co.s & Pension Funds Public 341,052,028 416,988,660
Special Notice Deposit -Public Non-Banking Financial Organizations 1,590,518,614 1,398,456,721
Special Notice Deposit -Other Deposit Accepting Public Organizations 3,478,026,799 2,744,907,831
Special Notice Deposit -Other Banks 5,570,586,322 3,669,173,155
Special Notice Deposit -Individuals and Others 10,853,684,149 7,606,357,712
163,577,248,278 187,188,285,489
11.1.1.iv Call Deposits

Call Deposit -Government Organizations 22,756,488 15,536,065
Call Deposit -Autonomous and Semi Autonomous Org. 578,337 580,337
Call Deposit -Non Financial Public Enterprises 598,085 670,753
Call Deposit -Local Authority 6,839,365 7,387,869
Call Deposit -Other Deposit Accepting Public Org. 692 692
Call Deposit -Other Banks 206,319 206,319
Call Deposit -Individuals and Others 49,889,705 55,572,892
80,868,991 79,954,927
11.1.2 Bills payable

Draft payable 572,176,273 543,134,030
TT’s payable 1,477,300 2,647,277
MT’s payable 4,350 4,350
Pay slip issued 270,543,305 313,327,650
Pay order issued 7,278,432,902 4,347,359,063
Inland Bill proceeds Awaiting for Remittance 13,641,823 250,284,495
Foreign Bill proceeds Awaiting for Remittance 4,978,433,658 4,186,751,052
Overdue DD payable 18,972,527 18,067,339
Upahar cheque sold A/C 36,732 36,732
FRMS 10,750 10,150
Foreign D.D, T.T, & TC payable 167,652,656 168,407,688

13,301,382,276 9,830,029,826

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
11.1.3 Saving Bank Deposits

Saving Deposit -Government Organizations 1,814,017,647 2,510,123,409
Saving Deposit -Autonomous and Semi Autonomous Organizations 5,962,655,831 6,329,170,529
Saving Deposit -Non Financial Public Enterprises 240,853,360 456,325,668
Saving Deposit -Local Authority 280,213,817 236,934,424
Saving Deposit -Insurance Co.s & Pension Fund 2,434,818,147 2,090,758,401
Saving Deposit -Public Non-Banking Financial Organizations 199,294,411 225,788,589
Saving Deposit -Other Financial Public Organizations 44,041,744 43,578,464
Saving Deposit -Other Banks 7,606,575 9,365,473
Saving Deposit -Individuals and Others 251,157,647,929 220,961,229,307
Female Secondary School Assistance Project 87,553,879 80,383,589
Saving Deposit -Miscellaneous 449,173,996 338,883,233
Saving Deposit -Foreign Currency 4,567,828,540 1,445,849,302
Saving Deposit -Student 202,874,946 153,351,647

267,448,580,822 234,881,742,035
11.1.4 Fixed Deposits

Fixed Deposits (11.1.4.1) 437,720,940,641 371,599,082,941
Deposit Pension Scheme 27,001,083 25,329,250
Agrani Bank Pension Scheme 80,581,141 101,300,693
Month wise Fixed Deposits 749,400 749,400
Non Resident Special Deposits 1,884,096 244,970
Agrani Bank Bishesh Shanchay 34,583,691,266 34,695,348,908
Agrani Bank Monthly Income Scheme 69,423,570 37,592,221
Agrani Bank Monthly Deposit Scheme 17,991,221 23,212,986
Agrani Bank Double Benefit Scheme 101,481,357 159,535,609
Agrani Bank Quarterly Income Scheme 600,000 2,072,263
Agrani Bank Double Benefit Scheme (New) 2,744,102 2,719,274
Agrani Bank Millionaire Deposit Scheme 131,507,864 103,786,393
Agrani Bank Lakhopoti Deposit Scheme 7,989,969 11,958,779
Agrani Bank Probashi Deposit Scheme 2,235,913 2,285,459
Agrani Bank Deposit Scheme for Woman 1,700,215 7,193,000
AGB Senior Citizen Savings Scheme 1,760,389 1,849,222
AGB Sanchaya Pension Scheme 11,594,825 9,808,354
AGB Wages Earner Deposit Scheme 94,997,853 44,930,889
Agrani Education Shanchay 34,119,069 13,604,081
Agrani NRB Deposit Scheme 19,500,698 -
Agrani Super Savings Shanchay 18,917,709,926 10,463,913,709

491,830,204,598 417,306,518,401

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
11.1.4.1 Fixed Deposits

Fixed Deposit-Government Organizations 39,271,398,190 34,446,276,384
Fixed Deposit-Autonomous and Semi Autonomous Organizations 82,822,267,340 82,900,635,010
Fixed Deposit- Non Financial Public Enterprises 69,048,577,519 81,584,776,591
Fixed Deposit -Local Authority 715,166,492 716,690,805
Fixed Deposit -Insurance Co.s & Pension Funds Public 3,847,434,412 2,108,317,694
Fixed Deposit -Public Non-Banking Financial Organizations 6,269,773,127 5,956,601,897
Fixed Deposit -Other Financial Public Organization 4,763,827,882 2,984,542,683
Fixed Deposit -Other Banks 47,486,235,707 37,050,900,309
Fixed Deposit -Individuals and Others 183,486,672,574 123,840,159,120
Non-Resident Foreign Currency Deposit (NFCD) 9,165,700 9,760,751
Fixed Deposit -Deceased Account 421,698 421,697
437,720,940,641 371,599,082,941
11.2 Maturity Grouping of Deposits and Other Accounts

Repayable on demand 7,102,573,979 6,486,274,081
Repayable within 1 month 39,442,794,457 36,020,290,124
Over 1 month but within 3 months 131,634,533,483 118,877,120,210
Over 3 month but within 6 months 95,307,853,147 87,905,336,213
Over 6 months but within 1 year 161,411,023,159 147,405,171,552
Over 1 year but within 5 years 309,338,133,730 282,496,447,749
Over 5 year but within 10 years 258,745,239,095 236,293,566,638
Over 10 years 5,661,748,258 5,170,470,745
1,008,643,899,308 920,654,677,312
11.3 Geographical Location - wise Deposits

Dhaka Region 536,902,398,540 500,613,828,918
Khulna Region 67,719,207,971 58,299,189,302
Rajshahi Region 57,109,886,526 49,130,211,288
Barisal Region 23,085,998,968 20,359,508,246
Sylhet Region 29,206,872,585 27,251,627,218
Rangpur Region 28,772,346,233 25,968,362,606
Comilla Region 74,930,026,272 67,860,623,338
Faridpur Region 26,547,639,101 23,492,915,663
1,008,643,899,308 920,654,677,312
11.4 Sector wise Deposits

Government Organizations (President, PM’s Office, Ministry & Judiciary) 89,850,597,742 88,883,726,090
Autonomous & Semi Autonomous Bodies 131,471,020,452 115,358,817,214
Deposit money bank 54,851,386,136 41,808,091,859
Other public sector 161,712,830,734 215,318,858,349
Private sector 570,758,064,244 459,285,183,800
1,008,643,899,308 920,654,677,312

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
11.5 Inter-Bank Deposits

Current Deposits 1,786,751,213 1,078,446,603
Savings Deposits 7,606,575 9,365,473
Fixed Deposits 47,486,235,707 37,050,900,309
Special Notice Deposits 5,570,586,322 3,669,173,155
Call Deposits 206,319 206,319
54,851,386,136 41,808,091,859
11(a) Consolidated Deposits and other accounts

Agrani Bank Limited 1,008,643,899,308 920,654,677,312
Agrani Equity & Investment Limited - 7,317,261
Agrani Exchange House Private Limited, Singapore 49,516,713 -
Agrani Remittance House SDN. BHD., Malaysia 4,852,830 -
1,008,698,268,851 920,661,994,573
Less: Inter-company transaction(s) - (25,766,417)
1,008,698,268,851 920,636,228,156
12 Other Liabilities
Interest suspense (Note - 12.1) 35,002,815,875 30,670,325,278
Provision for expenses (Note - 12.2) 10,188,801,969 7,325,711,986
Provision for auditors fee (Note - 12.3) 4,000,000 4,000,000
Sundry creditors 1,983,544,900 1,624,393,062
Tax deducted at source 2,015,634,910 1,773,687,345
VAT on services 336,545,162 361,331,675
Excise duty 1,096,034,475 858,305,635
Levy on interest payment 9,367,792 10,868,652
Levy & Surcharge on interest payment (Bonds) 14,505 14,505
Lease liabilities 552,857,788 726,985,375
Provision for taxation (Note - 12.4 & Annexure-F) 23,294,703,252 22,402,519,774
Provision for classified loans & advances (Note - 12.5) 29,240,292,739 27,993,896,649
Provision (general) for un-classified loans & advances (Note - 12.6.i) 4,103,257,239 3,819,885,991
Special general provision - COVID-19 (Note - 12.6.ii) 5,406,423,996 4,619,023,172
Provision (general) for SMA loans & advances (Note - 12.7) 2,248,141,296 3,037,609,650
3% General reserve for consumer financing (Note - 12.8) 35,856,219 35,856,219
Provision for off balance sheet exposures (Note - 12.10) 2,239,728,351 2,094,423,731
Provision for investment (Note - 12.11) 3,009,164,819 2,847,714,984
Provision for other assets (Note - 12.12) 1,336,101,007 1,292,657,086
Provision for balance with other banks & financial institutions (Note - 12.13) 670,000,000 670,000,000
Provision for money at call & short notice (Note - 12.14) 360,000,000 280,000,000
Provision for branch adjustment (Note - 12.15) 88,754,286 157,047,282
Provision for fixed assets - 21,913,328
Provision for interest rebate on good borrowers 20,000,000 20,000,000
Provision for balance with Bangladesh Bank (Local Currency) 108,779,751 -

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Provision for balance with Bank of Ceylon 429,000 -

Payable to islamic banking unit 217,698 217,698
Provision for incentive bonus (Note - 12.16) 1,381,966,537 1,393,106,596
Employees superannuation fund (Note - 12.17) 1,700,000,630 1,038,013,906
Employees gratuity fund (Note - 12.18) 17,176 -
Death relief grant scheme (Note - 12.19) 141,648,771 60,798,771
Employees benevolent fund (Note - 12.20) 35,693,948 36,303,595
Reserve for unforeseen losses 7,278,112 7,278,112
Doctors self employment program 1,600,000 1,600,000
Collection accounts 363,520,295 22,848,998
Automated Challan Collection AC 315,949 -
Cash incentive to exporters 10,653,702 10,827,252
SPL account MEDU fund 301,328,977 322,257,340
Govt. bond for land mortgage loan 840,897 840,897
Special block account 187 187
SPL block account (DD,TT, MT & PO) 9,730,948 9,730,948
Unclaimed deposit 10 years & above 3,875,006 278,907
Service charge on CIB report 5,579,365 1,942,805
Provision for balance of bilateral trade 2 2
Customer fund adjustment account 729,249 1,198,733
Vostro account 34,976,256 35,385,711
SIDR 389,114 389,114
ADIP project fund 18,554,458 19,031,208
Start-up Fund (Note - 12.21) 13,748,765 -
Reserve fund for rebate 953,650 953,645
Provision for arear of staff salary 4,485 4,485
Interest waived on staff house building loan 610,689 8,153,677
Interest Subsidy Received From BB (COVID-19) 6,960,778 -
Deferred Income (L/C Commission) 2,546,869,537 1,308,235,830
129,939,314,512 116,927,569,796
12.1 Interest Suspense Account

Add: Addition during the year 8,313,602,218 10,176,979,603
Less: Transferred to Income during the year (3,612,882,617) (1,509,141,157)
Less: Amount waived/ written off during the year (368,229,004) (716,445,164)
12.2 Provision for Expenses

Provision for Interest on Savings 882,322 575,601
Provision for Interest on DPS 7,221,281 8,367,117
Provision for Interest on STD 10,693,666 6,942,544
Provision for Interest on FDR 8,390,520,046 5,805,616,194
Provision for Interest on ABPS 1,640,844 2,567,305
Provision for Interest on Borrowings 65,567,252 69,187,554
Provision for ABS 1,188,327,797 1,214,284,565

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Un-disbursed Salary and Other staff benefit 1,557,897 1,457,373

Provision for other expenses 373,593,015 157,313,314
Account Maintenance Fees Reversed 108,100,000 -
Provision for Interest on ABMIS 4,958,059 4,741,103
Provision for Interest on ABMDS 3,274,472 5,551,061
Provision for Interest on ABDBS 13,429,256 34,416,359
Provision for Interest on Bakna Basur Refinance Fund 240,902 4,564,350
Provision for Interest on Agrani Bank Quarterly Income Scheme 553,125 72,292
Provision for Interest on Agrani Bank Double Benefit Scheme (New) 481,377 486,414
Provision for Interest on Agrani Bank Millionaire Deposit Scheme 9,605,737 5,878,940
Provision for Interest on Agrani Bank Lakhopoti Deposit Scheme 1,638,053 1,605,168
Provision for Interest on Agrani Bank Probashi Deposit Scheme 34,263 39,888
Provision for Interest on Agrani Bank Deposit Scheme for Woman 899 899
Provision for Agrani NRB Deposit Scheme 542,793 -
Provision for Interest on Agrani Bank Sanchay Pension Scheme 786,237 629,838
Provision for Interest on Agrani Bank Wage Earner Deposit Scheme 3,151,632 903,238
Provision for Interest on Agrani Bank Education Scheme 1,957,193 457,392
Provision for Interest on Agrani Bank Supper Saving Scheme 43,851 53,477
Provision held at the end of the year 10,188,801,969 7,325,711,986
12.3 Provision for Auditors Fee

Less: Paid during the year (4,000,000) (4,000,000)
Add: Provision made during the year 4,000,000 4,000,000
Provision held at the end of the year 4,000,000 4,000,000
12.4 Provision for Taxation

Less: Adjustment - 1,000,000,000
Add: Transferred to Provision for Income Tax during the year 892,183,478 1,204,157,449
The Bank has calculated income tax for the year 2021 in accordance with Income Tax Ordinance 1984.
12.5 Provision for Classified Loans and Advances
Add: Recoveries of amount previously written off 543,850,477 440,715,331
Add: Specific provision for the year 968,696,282 1,000,000,000
Less: Provision adjustment during the year - -
Less: Written off/waived (266,150,669) (225,132,906)
12.6.i Provision (general) for Un-classified Loans & Advances

Add: Provision made during the year 283,371,248 -
Less: Provision adjustment for the year - (4,281,241,693)

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
12.6.ii Special General Provision - COVID-19

Balance at the beginning of the year 4,619,023,172 -
Add: Provision made during the year 1,408,076,000 4,619,023,172
Less: Provision adjustment for the year (620,675,176) -
12.7 Provision (general) for SMA Loans & Advances

Add: Provision made during the year - -
Less: Provision adjustment for the year (789,468,354) (318,417,311)
12.8 3% General Reserve for Consumer Financing:

Reserve held at the beginning of the year 35,856,219 35,856,219
Add: Additional reserve for the year - -
Less: Reserve adjustment for the year - -
12.9 Maintained Provision for Loans & Advances

General provision
i) Standard (including staff Loan) 4,103,257,239 3,819,885,991
ii) Special General Provision - COVID-19 5,406,423,996 4,619,023,172
iii) Special Mention Accounts ( SMA) 2,248,141,296 3,037,609,650
11,757,822,531 11,476,518,813
Specific provision
i) Substandard 1,020,605,421 451,180,877
ii) Doubtful 724,205,594 909,327,523
iii) Bad/Loss 27,495,481,724 26,633,388,249
29,240,292,739 27,993,896,649
Total loan provision held 40,998,115,270 39,470,415,462
The Bank is required to maintain the total provision of BDT 10,037.55 crore, which includes Provision for loans
and advances of BDT 8,629.50 crore in the year 2021. In order to maintain the ratio of minimum Capital to
Risk-Weighted Assets (CRAR) as per BASEL-III guidelines on the Bank’s request, Bangladesh Bank allowed it
to maintain a total provision of BDT 5,024.04 crore, which is made of loans and advances BDT 4,099.81 crore
& other items BDT 924.23 crore vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. The
amount of BDT 5,013.51 crore (BDT 10,037.55 crore - BDT 5,024.04 crore) being the shortfall of provision has
been allowed as deferral by Bangladesh Bank through the said letter with the following conditions.
i) No amount shall be transferred to the general provision from specific provision.
Moreover, as per Bangladesh Bank letter no- DBI-1(Posha-4)/2344/2022-570, dated 21 April 2022, Bangladesh
Bank instructed the Bank not to transfer any amount from general provision (maintained as on 31 December
2021) to income up to June 2022.
12.9.i Required Provision for Loans & Advances

General provision
ii) Special General Provision - COVID-19 5,406,423,996 4,619,023,172
11,757,822,531 11,476,518,813

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Specific provision
i) Substandard 1,020,605,421 451,180,877
ii) Doubtful 724,205,594 909,327,523
iii) Bad/Loss 72,792,376,096 47,173,775,662
74,537,187,111 48,534,284,062
Total required loan provision 86,295,009,642 60,010,802,875
12.10 Provision for Off balance Sheet Exposure

Less: Provision add back during the year - -
12.11 Provision for Diminution in the Value of Investment

Less: Adjustment during the year - -
The Bank is required to maintain provision for other items except for the provision for loans and advances of BDT
1,408.05 crore, which includes Provision for diminution in the value of investment of BDT 306.43 crore but maintained
BDT 300.92 crore as a provision in the year 2021. In order to maintain the ratio of minimum Capital to Risk-Weighted
Assets (CRAR) as per BASEL-III guidelines on the Bank’s request, Bangladesh Bank has permitted to maintain a total
provision of BDT 5,024.04 crore, which is made of loans and advances BDT 4,099.81 crore & other items BDT 924.23
crore vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. The amount of BDT 5.51 crore (BDT
306.43 crore - BDT 300.92 crore) being the shortfall of provision has been allowed as deferral by Bangladesh Bank
through the said letter. In addition to that, the Bank has also disclosed the details of the required provision and kept the
provision in note # 12.22 & 12.23 of the financial statements as per the said Bangladesh Bank letter.
12.12 Provision for Other Assets

Protested bill (Note - 12.12.a) 67,608,904 69,005,062
Sundry Debtors Staff 41,828 212,326
Sundry Debtors Other 83,551,890 31,900,080
Legal Charges 233,034 132,214
Clearing Adjustment 1,400,615 771,430
Loan Application Form 116,825 315,839
Premium paid XPB - 15,000
Defective/Mutilated/Burnt Notes 1,642,960 1,139,595
Clearing Suspense Account for T-24 Branch 4,000 4,000
DD Paid without Advice 10,940,615 12,506,192
Accrued Income 47,170,412 38,614,798
Advance rent 18,517,456 18,314,156
Advance against Postage & Telegram 23,500 24,628
Advance against other expenses 102,057 45,647
Deposit for Electricity, Gas & Water line 388,494 504,384
Deposit for T & T line 1,475,479 1,586,761
Stationary on Hand 9,379,535 12,378,421
Stamps in Hand 1,462,690 2,446,586
Demonetized Notes 183 -

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Foreign Correspondent Draft Paid 1,064,256 1,112,489

Net Balance with Pakistan Bank 1 2
Net Balance with Indian Bank 23,505 -
Exempted Loans & Advances 47,396,483 47,417,008
Interest on Exempted Loans & Advances 198,369,784 204,637,977
Receivable from Agrani Exchange Company (Australia) Pty. Limited 29,402,844 29,197,654
Balance with Al-Rajhi Foreign Exchange 1 1
Pension Paid (Army) 780,687,722 777,506,155
Pension Paid (Civil) 312,813 236,028
Wage Earner Bond 1,216,801 2,806,255
Pension Paid (Staff) - 7,336,276
BCCI Bank-London 1 1
The Bank is required to maintain provision for other items except for the provision for loans and advances of
BDT1,408.05 crore, which includes Provision for other assets of BDT 155.00 crore. In order to maintain the ratio of
minimum Capital to Risk-Weighted Assets (CRAR) as per BASEL-III guidelines on the Bank’s request, Bangladesh
Bank has permitted to maintain a total provision of BDT 5,024.04 crore, which is made of loans and advances BDT
4,099.81crore & other items BDT 924.23 crore vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April
2022. As per BRPD circular no 14 dated 25 June 2001, of Bangladesh Bank, the Bank has maintained a provision
of BDT 133.61 crore for the year ended 31 December 2021 against other assets that are outstanding for more than
one year. The amount of BDT 21.39 crore (BDT 155.00 crore - BDT 133.61 crore) being the shortfall of provision has
been allowed as deferral by Bangladesh Bank through the said letter. In addition to that, the Bank has disclosed the
details of the required provision and kept the provision in note # 12.22 & 12.23 of the financial statements as per
the said Bangladesh Bank letter.
12.12.a Provision for Protested Bills

Adjustment during the year (1,396,157) (1,743,609)
Provision add back during the year (1) -
Provision made during the year - -
Protested Bills arises due to accidental loss of fraud, robbery, theft etc.
12.13 Provision for Balance with Other Banks & Financial Institutions
Add: Provision made during the year - 70,000,000
The Bank is required to maintain provision for other items except for the provision for loans and advances of BDT
1,408.05 crore, which includes Provision for Balance with Other Banks & Financial Institutions BDT 73.98 crore
but maintained 67.00 crore in the year 2021. In order to maintain the ratio of minimum Capital to Risk-Weighted
Assets (CRAR) as per BASEL-III guidelines on the Bank’s request, Bangladesh Bank has permitted to maintain a
total provision of BDT 5,024.04 crore, which is made of loans and advances BDT 4,099.81 crore & other items
BDT 924.23 crore vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. The amount of BDT
6.98 crore (BDT 73.98 crore - BDT 67 crore) being the shortfall of provision has been allowed as deferral by
Bangladesh Bank through the said letter. In addition to that, the Bank has disclosed the details of the required
provision and kept the provision in note # 12.22 & 12.23 of the financial statements as per the said Bangladesh
Bank letter.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
12.14 Provision for Money at Call and Short Notice

Add: Provision made during the year 80,000,000 -
The Bank is required to maintain provision for other items except for the provision for loans and advances of
BDT 1,408.05 crore, which includes Provision for Money at Call and Short Notice was BDT 51.00 crore but
maintained BDT 36.00 crore in the year 2021. In order to maintain the ratio of minimum Capital to Risk-Weighted
Assets (CRAR) as per BASEL-III guidelines on the Bank’s request, Bangladesh Bank has permitted to maintain a
total provision of BDT 5,024.04 crore, which is made of loans and advances BDT 4,099.81 crore & other items
BDT 924.23 crore vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. The amount of BDT
15.00 crore (BDT 51.00 crore – BDT 36.00 crore) being the shortfall of provision has been allowed as deferral by
Bangladesh Bank through the said letter. In addition to that, the Bank has disclosed the details of the required
provision and kept the provision in note # 12.22 & 12.23 of the financial statements as per the said Bangladesh
Bank letter.
12.15 Provision for Branch Adjustment

Adjustment during the year (20,748,373) (10,750,556)
Provision add back (47,544,623) (95,315,603)
12.16 Provision for Incentive Bonus

Amount paid during the year (1,181,140,059) (1,131,001,046)
Transfer to Death Relief Grant Scheme (70,000,000) -
Addition during the year - 436,434
Provision for the year 1,240,000,000 1,150,000,000
12.17 Employees Superannuation Fund

Addition during the year 2,992,835,380 1,667,063,509
Provision made during the year 1,700,000,000 1,038,000,000
Amount transferred/paid to SAF’s SB A/C (4,030,848,656) (3,517,080,435)
According to the actuarial report submitted on 27 May 2018, a deficit of BDT 2,783.00 crore in the provision of
the Employees Superannuation Fund (SAF) as on 31 March 2018 has been shown. The aforesaid report contains,
among others, phase-wise contribution to the provision for superannuation fund instead of providing the full
amount of deficit in one go. Accordingly, the Bank has to contribute BDT 500.00 crore in the first year and BDT
375.00 crore in the following year. There was also a recommendation in the said actuarial report to contribute
43% of the basic salary of the employees each year. Subsequently, the Board of Directors of the Bank has
approved in meeting no. 462/19 dated 30 April 2019 to provide BDT 292.55 crore each year by the Bank for the
next nine years. However, the Bank contributed 75% of the basic salary of the employees during the year and also
made a provision of BDT 103.80 crore for the Employees Superannuation Fund for the year 2020. Therefore, the
amount of provision shortfall stood at BDT 418.80 crore (BDT 588.80 crore - BDT 170.00 crore) at the year-end,
and Bangladesh Bank has provided a deferral of the above-mentioned provision shortfall for Superannuation
Fund Vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298; dated 28 April 2022. In addition to that, the Bank
has disclosed the details of the required provision and kept the provision in note # 12.22 & 12.23 of the financial
statements as per the said Bangladesh Bank letter.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
12.18 Employees Gratuity Fund

Balance at the beginning of the year - -
Adjustment - -
Addition during the year 4,359,630 385,166,386
Amount transferred/paid to Gratuity’s SB A/C (4,342,454) (385,166,386)
Balance at the end of the year 17,176 -
12.19 Death Relief Grant Scheme

Provision made during the year 120,000,000 30,000,000
Amount paid/adjusted during the year (39,150,000) (47,700,000)
12.20 Employees Benevolent Fund

Addition during the year - -
Amount paid/adjusted during the year (609,647) (610,873)
12.21 Start-up Fund

Balance at the beginning of the year - -
Fund made during the year 13,748,765 -
Closing balance 13,748,765 -
12.22 Total Required Provision

Loans & advances 86,295,009,642 60,010,802,875
Investment 3,064,326,287 3,197,714,984
Balance with other bank & non-bank financial Institutions 739,777,577 4,163,521,037
Money at Call and Short Notice 510,000,000 510,000,000
Other assets 1,549,956,384 1,616,616,648
Inter branch adjustment 88,754,286 157,047,282
Off-balance sheet exposure 2,239,728,351 2,094,423,731
Superannuation Fund 5,888,000,000 4,000,513,906
Total 100,375,552,527 75,750,640,463
12.23 Total Maintained Provision

Loans & advances 40,998,115,270 39,470,415,462
Investment 3,009,164,819 2,847,714,984
Balance with other bank & non-bank financial Institutions 670,000,000 670,000,000
Money at Call and Short Notice 360,000,000 280,000,000
Other assets 1,336,101,007 1,292,657,086
Inter branch adjustment 88,754,286 157,047,282
Off-balance sheet exposure 2,239,728,351 2,094,423,731
Total 50,401,863,733 47,850,258,545

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
12.24 Provision Surplus/(Shortfall) (49,973,688,794) (27,900,381,918)
The Bank is required to maintain a total provision of BDT 10,037.55 crore, which includes loans and advances
(BDT 8,629.50 crore) & other items (BDT 1,408.05 crore) in the year 2021. In order to maintain the ratio of
minimum Capital to Risk-Weighted Assets (CRAR) as per BASEL-III guidelines on the Bank’s request, Bangladesh
Bank has permitted to maintain a total provision of BDT 5,024.04 crore, which is made of loans and advances
BDT 4,099.81 crore & other items BDT 924.23 crore vide letter no. DOS(CAMS)1157/01(II)-C/2022-2298;
dated 28 April 2022. The amount of BDT 5,013.51 crore (BDT 10,037.55 crore - BDT 5,024.04 crore), being the
shortfall of provision, has been allowed as deferral by Bangladesh Bank through the said letter with the following
conditions.
i) No amount transferred to the general provision from specific provision.
12(a) Consolidated other liabilities

Agrani Remittance House Canada Inc. 34,087,452 33,068,106
132,989,586,156 119,906,211,595
Less: Inter-company transaction(s) (62,969,163) (61,687,775)
132,926,616,993 119,844,523,820
12(a).1 Consolidated Provision maintained for Loans & Advances

General provision
ii) Special provision for loans and advances (COVID-19) 5,428,993,853 4,641,593,029
11,787,317,518 11,505,321,673
Specific provision
i) Substandard 1,021,357,873 453,718,737
ii) Doubtful 727,332,470 914,334,867
iii) Bad/Loss 27,525,063,404 26,656,550,045
29,273,753,747 28,024,603,649
Total 41,061,071,265 39,529,925,322
12(a).2 Provision maintained for Loans & Advances: Agrani SME Financing Com. Ltd.
General provision
i) Standard (including staff Loan) 6,505,790 5,441,996
ii) Special provision for loans and advances (COVID-19) 22,569,857 22,569,857
iii) Special Mention Accounts ( SMA) 419,340 791,007
29,494,987 28,802,860
Specific provision
i) Substandard 752,452 2,537,860
ii) Doubtful 3,126,876 5,007,344
iii) Bad/Loss 29,581,680 23,161,796
33,461,008 30,707,000
Total 62,955,995 59,509,860

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
12(a).3 Consolidated Total Required Provision

Total 102,469,074,599 77,821,168,816
12(a).4 Consolidated Total Maintained Provision

Total 52,495,385,805 49,920,786,898
12(a).5 Consolidated Provision Surplus/(Shortfall) (49,973,688,794) (27,900,381,918)
13 Share Capital:
13.1 Authorized Capital:
The authorized capital of the Bank is BDT 2,500.00 crore divided into 250,000,000 ordinary shares of
BDT100.00 each.
13.2 Issued, subscribed and fully paid up capital : 20,722,940,400 20,722,940,400
The paid up capital of the Bank was BDT 9,912,940,400 divided into 99,129,404 ordinary shares @ BDT
100.00 up to 29 December 2013. On 26 December 2013, Bank & Financial Institutions Division, Ministry of
Finance has issued a letter # 53.013.002.00.00.80.2013 giving the permission to raise paid up capital by BDT
10,810,000,000 to reduce capital shortage of the Bank. Subsequently, the Board of Directors in it’s 353rd
board meeting held on 30 December 2013 approved the matter and increased the paid up capital to BDT
20,722,940,400 by issuing 108,100,000 right shares to the Government of the People’s Republic of Bangladesh
represented by Secretary, Finance Division, Ministry of Finance of the Government of the People’s Republic of
Bangladesh. Therefore, the total number of ordinary shares reached to 207,229,404 shares.
13.3 Earnings Per Share:
Earnings per share (EPS) have been computed by dividing the profit after tax by the weighted average number of
ordinary shares as on 31 December 2021.
13.3.1 Weighted average number of shares:

Number of shares before bonus share and right share issued 207,229,404 207,229,404
Issue of bonus share & right share - -
Weighted average number of shares 207,229,404 207,229,404
13.3.2 Basic Earnings Per Share:

Profit attributable to the shareholders of ABL for the year (A) 1,374,876,547 (140,629,982)
Weighted average number of ordinary shares outstanding (B) 207,229,404 207,229,404
Earnings per share (A/B) 6.63 (0.68)
13.3(a) Consolidated Earnings Per Share:

Profit attributable to the shareholders of ABL & its subsidiaries for the year (A) 2,098,086,911 (33,768,300)
Weighted average number of ordinary shares outstanding (B) 207,229,404 207,229,404
Earnings per share (A/B) 10.12 (0.16)

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
13.4 Solo basis Minimum Capital Requirement (MCR) under Risk Based Capital (Basel-III):
A. Regulatory Capital:
1. Tier-1 Capital (Going concern capital) 29,196,130,360 26,014,491,944
2 .Tier-2 Capital (Gone concern capital) 18,433,407,101 19,406,798,763
3. Total Regulatory Capital (1+2): 47,629,537,461 45,421,290,707
B. Total Risk Weighted Assets (RWA): 631,141,020,000 466,417,905,000
C. Capital to Risk Weighted Assets Ratio (CRAR) (A3 / B) X 100 7.55% 9.74%
D. Tier-1 Capital to RWA (A1 / B) X 100 4.63% 5.58%
E. Tier-2 Capital to RWA (A2 / B) X 100 2.92% 4.16%
F. Minimum Capital Requirement (10% of RWA) 63,114,102,000 46,641,790,500
G. Capital Surplus / (Shortfall) (15,484,564,539) (1,220,499,793)
2021 2020
Capital Requirements
Required Held Required Held
Tier-1 6.00% 4.63% 6.00% 5.58%
Tier-2 4.00% 2.92% 4.00% 4.16%
Total 10.00% 7.55% 10.00% 9.74%
13.4(a) Consolidated Minimum Capital Requirement (MCR) under Risk Based Capital (Basel-III):
A. Regulatory Capital:
1. Tier-1 Capital (Going concern capital) 29,368,530,856 25,482,391,124
2 .Tier-2 Capital (Gone concern capital) 18,433,407,101 19,406,798,763
3. Total Regulatory Capital (1+2): 47,801,937,957 44,889,189,887
B. Total Risk Weighted Assets (RWA): 639,188,205,000 471,273,760,000
C. Capital to Risk Weighted Assets Ratio (CRAR) (A3 / B) X 100 7.48% 9.53%
D. Tier-1 Capital to RWA (A1 / B) X 100 4.60% 5.42%
E. Tier-2 Capital to RWA (A2 / B) X 100 2.88% 4.11%
F. Minimum Capital Requirement (10% of RWA) 63,918,820,500 47,127,376,000
G. Capital Surplus / (Shortfall) (16,116,882,543) (2,238,186,113)
2021 2020
Capital Requirements
Required Held Required Held
Tier-1 6.00% 4.60% 6.00% 5.42%
Tier-2 4.00% 2.88% 4.00% 4.11%
Total 10.00% 7.48% 10.00% 9.53%
13.5 Solo basis Regulatory Capital:
Tier-1 Capital
Fully Paid-up Capital / Capital lien with BB 20,722,940,400 20,722,940,400
Statutory Reserve 9,612,175,637 9,278,754,586
General Reserve 548,555,335 548,555,335
Retained Earnings (1,687,541,012) (2,849,021,393)
Benefit from Deferred Tax Assets - -
Sub-Total: 29,196,130,360 27,701,228,928

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Deductions from Tier-1 Capital

Goodwill and all other intangible assets - 1,686,736,984
Shortfall in provisions required against classified loans - -
Deferred Tax Assets - -
Sub Total - 1,686,736,984
Total Regulatory Tier-1 Capital 29,196,130,360 26,014,491,944
Tier-2 Capital
General Provision (UC + SMA + Off B/S exposure+ Consumer Finance) 14,033,407,101 13,606,798,763
Subordinated debt/instruments issued by the Bank meeting BB criteria 4,400,000,000 5,800,000,000
Revaluation Reserve (50% of Fixed Assets and Securities & 10% of Equities) - -
Sub Total 18,433,407,101 19,406,798,763

Revaluation Reserve for Fixed Assets, Securities and Equity Securities - -
Total Regulatory Capital (Tier-1 + Tier-2) 47,629,537,461 45,421,290,707
The Bank is required to calculate the Capital to Risk-Weighted Assets (CRAR) as per Guidelines on Risk-Based Capital
Adequacy (RBCA) (Revised Regulatory Capital Framework for banks in line with Basel III) dated December 2014. In order
to maintain the ratio of minimum Capital to Risk-Weighted Assets (CRAR) on the Bank’s request, for the year ended 31
December 2021, Bangladesh Bank has given forbearance for provision amounting to BDT 5,023.64 crore (For loans and
advances, BDT 4,545.38 and for other items BDT 478.26 crore) vide letter no- DOS(CAMS)1157/01(II)-C/2022-2298;
dated 28 April 2022.
However, Bank will have to maintain the forbore provision amount over the next five consecutive years starting from
2022. Moreover, any required provision over BDT 5,023.64 crore will be needed to be maintained in the relevant year (If
any). In addition to that, Bangladesh Bank has also given the following instructions through the said letter:
1. To calculate amortization for the subordinated bond issued by the bank at the year-end instead of at the beginning of the year.
2. For calculating risk-weighted assets, the bank should use 125% risk weight for the subordinated bond issued by
various organizations.
3. For calculating risk-weighted assets against Staff loan and Other assets, the bank should use risk weight as per RBCA guideline.
4. Deferral facility is allowed for non-deduction of balances of deferred tax assets (BDT 1,038.91 crore) & intangible
assets (BDT 146.69 crore) from CET-1 Capital. However, the bank will have to follow the following for the deduction of
deferred tax assets & intangible assets balances:
CRAR calculation date Deduction rate

31 December 2026 100%
Although the Bank has taken forbearance to maintain the ratio of Capital to Risk-Weighted Assets (CRAR), it could
not maintain the ratio of Capital to Risk-Weighted Assets (CRAR) and the buffer capital as per RBCA guidelines of
Bangladesh Bank.
13.5(a) Consolidated Regulatory Capital:
Tier-1 Capital
Fully Paid-up Capital / Capital lien with BB 20,722,940,400 20,722,940,400
General Reserve 603,286,599 603,286,599
Retained Earnings (1,660,345,708) (3,511,000,080)
Benefit from Deferred Tax Assets - -
Sub-Total: 29,368,530,856 27,169,128,108

Agrani Bank Limited
Amount in BDT
2020
2021
Restated

Goodwill and all other intangible assets - 1,686,736,984
Shortfall in provisions required against classified loans - -
Deferred Tax Assets - -
Sub Total - 1,686,736,984
Tier-2 Capital
General Provision (UC + SMA + Off B/S exposure+ Consumer Finance) 14,033,407,101 13,606,798,763
Subordinated debt/instruments issued by the Bank meeting BB criteria 4,400,000,000 5,800,000,000
Revaluation Reserve (50% of Fixed Assets and Securities & 10% of Equities) - -
Sub Total 18,433,407,101 19,406,798,763
Revaluation Reserve for Fixed Assets, Securities and Equity Securities - -
Total Regulatory Capital (Tier-1 + Tier-2) 47,801,937,957 44,889,189,887
13.6 Solo basis Risk Weighted Assets (RWA):

Risk Weighted Assets (RWA) for
A. Credit Risk
On - Balance sheet 536,878,545,000 392,819,925,000
Off - Balance sheet 21,198,675,000 11,547,230,000
558,077,220,000 404,367,155,000
B. Market Risk 24,252,000,000 17,518,200,000
C. Operational Risk 48,811,800,000 44,532,550,000
Total: RWA (A+B+C) 631,141,020,000 466,417,905,000
13.6(a) Consolidated Risk Weighted Assets (RWA):

Risk Weighted Assets (RWA) for
A. Credit Risk
On - Balance sheet 531,328,530,000 385,119,580,000
Off - Balance sheet 21,198,675,000 11,547,230,000
552,527,205,000 396,666,810,000
B. Market Risk 36,844,400,000 29,363,200,000
C. Operational Risk 49,816,600,000 45,243,750,000
Total: RWA (A+B+C) 639,188,205,000 471,273,760,000
14 Statutory Reserve
Transferred during the year 333,421,051 -
Closing balance 9,612,175,637 9,278,754,586
This has been made in accordance with Section 24 of the Bank Companies Act, 1991 and shall be maintained
until it equals to the Paid-up Capital.
14(a) Consolidated Statutory Reserve
Closing balance 9,702,649,565 9,353,901,189

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
15 General Reserve
Transferred during the year - -
Closing balance 548,555,335 548,555,335
15(a) Consolidated General Reserve

Agrani Bank Limited 548,555,335 548,555,335
Closing balance 603,286,599 603,286,599
15.1 Risk Fund

Transferred during the year - -
Closing balance 100,000,000 100,000,000
15.1(a) Consolidated Risk Fund

Closing balance 100,000,000 100,000,000
16 Asset Revaluation Reserve

Less: Transfer to retained earnings - (1,340,938)
Closing balance 10,975,579,288 10,975,579,288
16(a) Consolidated Asset Revaluation Reserve

Closing balance 10,975,579,288 10,975,579,288

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
17 Revaluation & Amortization Reserve

Add: Surplus of Amortization of Securities (HTM) 184,787,624 293,753,884
Add: Revaluation reserve on investment in Govt. Securities (HFT) 4,089,605,916 1,232,852,464
Less: Surplus of Amortization of Securities (HTM) (336,194,558) (79,888,435)
Less: Revaluation reserve on investment in Govt. Securities (HFT) (5,662,934,428) (450,252,161)
Closing Balance 299,005,028 2,023,740,474
17(a) Consolidated Revaluation and Amortization

Agrani Bank Limited 299,005,028 2,023,740,474
Closing Balance 299,005,028 2,023,740,474
18 Retained surplus/(deficit)
Opening Balance (2,849,021,393) (723,129,666)
Prior Year Adjustment (Note- 18.1) 133,773,650 (1,985,261,745)
Net profit after tax during the year 1,374,876,547 (140,629,982)
Transfer to Start-up fund (13,748,765) -
Transfer to Statutory Reserve (333,421,051) -
(1,687,541,012) (2,849,021,393)
As per Bangladesh Bank DBI letter-number DBI-1(Posha-4)/2344/2022-570 dated 21 April 2022, the Bank has
been instructed to adjust BDT 3.10 crore for recording the Interest received from local banks without realization,
BDT 10.81 crore for overcharged a/c maintenance fee and BDT 130.82 crore from Commission on Letter of
Credit in prior years’ income with retained earnings and accordingly the Bank has made the adjustments. The
adjustments related to income from LC commission recorded in respective notes. Details are in Annexure-O.
18.1 Prior Year Adjustment
Adjustment of interest waived of preference share of Orion Infrac. Ltd. - (2,055,900,000)
Dividend of prior year received from Agrani SME Financing ltd. - 400,000,000
Previous year income adjustment - (322,700,000)
Adjustment for reduced interest rate for subordinated bond of Best Holding (44,383,561) -
Arear salary paid (12,219) -
Salary adjusted 154,936 -
Salary adjusted 20,700 -
Underwriting commission of the year 2020 35,444,910 -
Reversal of Interest income of previous year from investment (31,081,916) -
Deduction of overcharged a/c maintenance fee (108,100,000) -
Interest income of year 2020 from Foreign Banks 281,730,800 -
Other prior year adjustment - (6,661,745)
133,773,650 (1,985,261,745)

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
18.(a).1 Consolidated Retained surplus/(deficit)

Opening Balance (3,511,000,080) (3,511,951,864)
Prior year adjustment 115,064,989 (2,391,618,599)
Foreign currency translation gain/(loss) (3,247,060) 9,647,364
Net profit/ (loss) after tax during the year 2,098,086,911 (33,768,300)
Statutory reserve (348,748,376) (12,687,264)
Transfer to Start-up fund (13,748,765) -
Minority interest (387) (1,298)
Unrealised gain on securities - 2,439,027,245
Foreign currency translation reserve 3,247,060 (9,647,364)
(1,660,345,708) (3,511,000,080)
18.(a).2 Consolidated Retained Surplus/(deficit)

Agrani Bank Limited (1,687,541,012) (2,849,021,393)
Agrani Equity & Investment Limited (434,207,634) (1,072,592,381)
Agrani Exchange House Private Limited Singapore 148,907,285 131,078,516
Agrani Remittance House SDN. BHD. Malaysia 30,621,784 38,375,895
Agrani Remittance House Canada Inc. (26,833,447) (26,238,801)
Agrani Exchange Company (Australia) Pty. Limited (38,274,720) (38,274,720)
(1,660,345,708) (3,511,000,080)
19 Consolidated Foreign Currency Translation Reserve

Opening Balance 44,078,101 34,430,737
Foreign Currency Translation Gain/(Loss) (3,247,060) 9,647,364
Closing Balance 40,831,041 44,078,101
20 Minority Interest
Capital of Agrani Equity & Investment Limited 2,500 2,500
Capital of Agrani SME Financing Limited 1,200 1,200
Statutory reserve 109 90
General reserve 66 66
Retained earnings 199 (169)
4,074 3,687
21 Acceptances and endorsements

Letters of Guarantee (Note - 21.1) 13,532,577,713 9,629,897,113
Letters of Credit (Note - 21.2) 211,923,219,516 200,151,504,116
Bills for Collection (Note - 21.3) 71,286,025,109 55,259,044,914
Other Contingent Liabilities (Note - 21.4) 6,825,026,181 7,408,373,081
303,566,848,519 272,448,819,224
21.1 Letters of Guarantee

Directors - -
Government 539,208,584 116,956,204
Banks and other financial institutions 446,041,661 435,604,065
Foreign Banks against government counter guarantee 943,753,676 222,071,992
Others 11,603,573,792 8,855,264,852
13,532,577,713 9,629,897,113

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
21.1(a) Consolidated Letters of Guarantee

13,532,577,713 9,629,897,113
21.2 Letters of Credit

Others 98,763,115,669 49,319,097,668
Government 113,160,103,847 150,832,406,448
211,923,219,516 200,151,504,116
Funded facilities (Demand Loan) of BDT 4,037.63 crore arised from non-funded facility (Letters of Credit) in
which BDT 1,976.03 crore converted to Term Loan.
21.2 Letters of Credit

General (Note - 21.2.i) 197,907,174,958 186,914,009,865
Standby (Note - 21.2.ii) 14,016,044,558 13,237,494,251
211,923,219,516 200,151,504,116
21.2.i General Letters of Credit

Others 94,718,129,843 45,498,798,981
Government 103,189,045,115 141,415,210,884
197,907,174,958 186,914,009,865
21.2.ii Standby Letters of Credit

Others 4,044,985,826 3,820,298,687
Government 9,971,058,732 9,417,195,564
14,016,044,558 13,237,494,251
21.2(a) Consolidated Letters of Credit

211,923,219,516 200,151,504,116
21.3 Bills for collection

Payable in Bangladesh 346,529,995 622,965,615
Payable outside Bangladesh 70,939,495,114 54,636,079,299
71,286,025,109 55,259,044,914

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
21.3(a) Consolidated Bills for collection

71,286,025,109 55,259,044,914
21.4 Other Contingent Liabilities

Inland Travelers Cheque 33,941,500 35,273,500
Upahar Cheque 1,236,450 1,331,350
Shanchay Patra 6,786,148,231 7,368,068,231
Agrani Bank Shilpa Unnayan Bond 3,700,000 3,700,000
6,825,026,181 7,408,373,081
Liability will be created for the Bank by the sales amount of Inland Travelers Cheque, Upahar Cheque, Shanchay
Patra and Agrani Bank Shilpa Unnayan Bond. These items have been included in the Off-balance sheet exposure
as per contra for keeping note only.
21.4(a) Consolidated Other Contingent Liabilities
6,825,026,181 7,408,373,081
21.5 Geographical Location - wise Contingent Liabilities

Dhaka Region 280,919,467,109 250,020,323,673
Khulna Region 5,100,885,690 3,475,520,945
Rajshahi Region 1,476,119,520 1,576,242,737
Barisal Region 124,269,754 122,305,701
Sylhet Region 1,614,596,227 3,236,594,109
Rangpur Region 3,590,619,957 5,981,331,254
Mymensingh Region 93,487,083 76,781,819
Comilla Region 478,384,283 440,794,428
Faridpur Region 164,017,850 111,444,842
303,566,848,519 272,448,819,224

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
22 Consolidated Contingent Liabilities

303,566,848,519 272,448,819,224
23 Interest Income
a. Interest on Loans and Advances:
Interest on Rural Credit 1,486,570,933 1,405,473,510
Interest on Weavers Credit 193,514 126,759
Interest on Industrial Credit 7,286,010,102 4,515,971,746
Interest on Jute Advance 635,743,101 663,096,452
Interest on Leather Credit 315,643,671 236,325,540
Interest on Staff Loans 1,362,001,643 1,537,409,642
Interest on Loan-Others 6,921,288,836 5,924,068,878
Interest on Small and Micro Credit 6,957,357,125 6,278,009,054
Interest on Overdrafts 1,067,041,775 795,862,702
Interest on Cash Credit 4,289,774,784 3,680,097,036
Interest on Packing Credit 242,970,761 166,483,761
Interest on Loan against Import Merchandise 7,710,103 14,356,579
Interest on Payment Against Document 82,668,768 105,742,660
Interest on Foreign Bills Purchased 78,760,108 85,837,837
Interest on Inland Bills Purchased 9,133,544 10,342,455
Interest Income on PIF 66,912
Interest on CMSME Loan package for COVID-19 8,648,194 1,936,373
Sub-total 30,751,583,874 25,421,140,984
b. Interest on Balance with other Banks and Financial Institution

Interest on call loans to Banks 381,671,158 291,867,215
Interest received from local banks 3,887,311,215 5,476,631,350
Interest received from foreign banks 15,865,007 9,010
Sub-total 4,284,847,380 5,768,507,575
c. Income From Write off Loan - -
Total (a+b+c) 35,036,431,254 31,189,648,559
According to Bangladesh Bank DBI-1 letter Ref: DBI-1(Posha-4)/2344/2022-570; dated 21 April 2022, the
required income reversal of interest income on loans and advances is BDT 75.67 crore (BDT 6.25 + BDT 69.42).
As per Bangladesh Bank DBI-1 letter Ref: DBI-1(Posha)/2344/2022-629; dated 28 April 2022, the Bank has been
allowed an exemption of reversal of income of BDT 69.42 crore out of the said required reversal amount. And,
against the rest of the amount of BDT 6.25 crore has been reversed from interest income.
As per Bangladesh Bank DBI-1 letter Ref: DBI-1(Posha-4)/2344/2022z-570; dated 21 April 2022, the Bank has
been instructed to adjust prior years’ income with retained earnings BDT 3.10 crore for Interest received from
local banks and accordingly the Bank has made the adjustments.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
23.1 Geographical Location wise Interest income

Dhaka Region 23,365,603,567 20,678,038,657
Chittagong Region 871,380,014 1,192,472,562
Khulna Region 2,802,363,562 2,516,799,870
Rajshahi Region 1,992,211,813 1,802,465,021
Barisal Region 739,025,765 679,967,384
Sylhet Region 490,312,063 346,438,263
Rangpur Region 1,636,217,280 1,299,020,958
Mymensingh Region 1,736,443,715 1,441,475,791
Comilla Region 838,814,080 733,376,252
Faridpur Region 564,059,395 499,593,801
35,036,431,254 31,189,648,559
23(a) Consolidated Interest Income

Agrani Exchange House Private Limited, Singapore - 362,656
35,473,588,277 31,492,338,274
35,214,475,212 31,205,820,830
24 Interest paid on deposits & borrowings
a. Interest paid on Deposits
Savings Deposits 5,467,483,097 5,245,798,487
Special Time Deposits 6,916,806,637 5,168,167,129
Fixed Deposits 25,786,730,188 16,774,998,026
Deposit Pension Scheme 982,569 1,396,441
Interest on staff provident fund 640,665,212 604,937,238
Interest paid on NFCD 507,972 2,927,738
Interest paid on ABPS 4,437,459 4,452,076
Interest on Agrani NRB Deposit Scheme 692,735 -
Interest on month-wise fixed deposits 187,189 93,333
Interest on Non-Resident Special Savings Deposit 29,064 17,106
Interest on Student Super Savings Scheme 6,922 -
Interest on ABS 1,960,043,590 1,976,124,065
Interest on MDS 1,447,640 775,000
Interest on MIS (1,123,235) (2,849,930)
Interest on ADBS (4,612,479) 12,169,934
Interest on Quarter Income Scheme 516,000 500,456
Interest on Double Income Scheme 141,472 234,672
Interest on Millionaire Income Scheme 6,556,409 2,964,198
Interest on Lakhopoti Income Scheme 438,335.00 525,951
Interest on Probashi Income Scheme 60,905 33,164
Interest on Deposit Scheme for women 114,060 166,141

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Interest on AGB Senior Citizen Scheme 12,048 97,217

Interest on AGB Sanchay Pension Scheme 359,571 (99,114)
Interest on AGB Wage Earner Deposit Scheme 3,079,644 1,258,744
Interest on Agrani Education Scheme 1,895,424 562,407
Interest on Agrani Super Saving Scheme 743,419,089 242,058,908
Sub Total 41,530,877,517 30,037,309,387
b. Interest paid to Banks

Foreign Banks 34,074,494 128,841,718
Bangladesh Bank 8,826,014 37,246,905
Sonali Bank 47,041 4,006
Other Banks 3,915,539 4,431,849
Sub Total 46,863,088 170,524,478
c. Interest paid on Borrowings
Call Borrowings - 50,409,722
Discount on T.T sold 692,630 742,433
Bangladesh Bank 494,749,984 294,733,745
Other Bank 34,972,732 261,047,650
Agrani Bank Limited Subordinated Bond 384,493,760 540,000,000
Other Borrowings 164,010,712 45,271,147
Sub Total 1,078,919,818 1,192,204,697
Total (a+b+c) 42,656,660,423 31,400,038,562
24.1 Geographical Location wise Interest Paid

Dhaka Region 26,396,409,319 18,028,065,480
Khulna Region 2,115,173,238 1,712,709,445
Rajshahi Region 1,578,393,610 1,246,947,868
Barisal Region 637,472,880 597,936,237
Sylhet Region 1,100,165,073 942,867,330
Rangpur Region 927,370,787 730,926,463
Mymensingh Region 1,851,230,660 1,555,030,189
Comilla Region 2,488,219,708 2,174,368,945
Faridpur Region 779,143,317 679,239,823
42,656,660,423 31,400,038,562
24(a) Consolidated Interest paid on deposits & borrowings

42,916,952,347 31,683,737,022
42,657,839,282 31,397,219,578

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
25 Investment income
Dividend on Shares 407,837,645 873,449,648
Interest on Debenture - 239,999
Discount on 2, 5, 10,15 & 20 years Govt. Bond - 24,414,932
Interest on 2,5,10,15 & 20 years govt. treasury bond 10,245,057,356 7,673,369,334
5 Years Bangladesh Govt. Investment Sukuk Bond 129,427,327 1,037,915
Discount on Bangladesh bills & treasury bills 1,711,744,491 445,744,316
Govt. Treasury Bond (BPC) 633,673,600 1,068,754,094
Govt. Treasury Bond (BJMC) 186,955,000 242,600,248
Govt. Treasury Bond (Orion) 159,820,000 200,541,259
United Commercial Bank Subordinated Bond - 5,386,438
One Bank Subordinated Bond - 11,835,616
AB Bank Subordinated Bond 7,643,835 18,796,605
South East Bank Subordinated Bond 10,818,493 22,241,261
Floating Rate Dated Subordinated Bond of EBL 5,719,453 9,454,244
Floating Rate Dated Subordinated Bond of Bank Asia 5,719,453 9,303,012
Floating Rate Dated Subordinated Bond of Prime Bank 5,719,453 9,303,011
Floating Rate Dated Subordinated Bond of EXIM Bank 10,101,370 20,771,234
United Commercial Bank Subordinated Bond II 6,588,494 11,042,329
Al-Arafa Islami Bank Subordinated Bond 10,649,588 17,346,576
AB Bank Subordinated Bond II 18,957,534 28,496,714
Standard Bank Subordinated Bond 6,492,329 13,035,616
Floating Rate Dated Subordinated Bond of Dhaka Bank 20,865,752 33,735,616
IFIC Bank Coupon Bearing Subordinate Bond 18,507,809 30,921,918
South East Bank Subordinated Bond II 18,929,959 32,392,972
Mutual Trust Bank Limited Subordinated Bond-II 13,892,089 24,638,268
Bank Asia Limited Subordinated Bond 12,382,301 20,104,686
Exim Bank Limited Subordinated Mudaraba Bond 26,409,590 40,797,260
DBBL Subordinated Bond 27,061,478 42,809,206
City Bank 2nd Subordinated Bond 14,276,575 18,197,397
Premier Bank Subordinated Bond 15,335,178 19,336,767
Standard Bank Subordinated Bond II 26,595,890 40,732,193
Islami Bank Mudaraba Subordinated Bond 50,234,578 88,747,945
Pubali Bank Ltd. Floating Rate Subordinated Bond 59,506,849 93,730,685
National Bank 2nd Subordinated Bond 14,241,205 22,688,671
FSIBL Subordinated Bond 16,005,618 21,762,738
UCBL Subordinated Bond III 17,350,685 28,352,055
NCC Bank Non-Convertible Subordinated Bond 32,020,205 45,354,453
Rupali Bank Subordinated Bond 124,427,397 170,987,945
Jamuna Bank Subordinated Bond 32,321,781 48,602,533
Mercantile Bank Subordinated Bond 65,537,809 97,452,053
Southeast Bank Subordinated Bond III 99,163,152 144,731,919
Dhaka Bank Floating Rate Dated Subordinated Bond II 101,385,207 145,130,547
Prime Bank Subordinated Bond II 132,217,533 192,975,893
The Padma Bank (former The Farmers Bank) Subordinated Bond 63,901,096 96,902,568
Al Arafah Islami Bank Mudaraba Subordinated Bond-II 53,281,368 75,418,905
Investment Corporation of Bangladesh Subordinated Bond 617,308,511 630,264,092
City Bank Limited 3rd Subordinated Bond 69,141,507 87,486,575
Trust Bank Ltd. Floating Rate Dated Subordinated Bond 140,541,370 190,690,630

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Shahjalal Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond 131,473,972 198,099,315
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond 198,225,205 240,000,000
UCB 4th Floating Rate Dated Subordinated Bond 174,313,699 224,810,274
DBBL Floating Rate Dated Subordinated Bond-II 141,750,138 169,576,987
SIBL Floating Rate Dated Subordinated Bond 191,027,397 229,280,823
Best Holding Ltd. Bond 75,034,247 125,342,465
FSIBL 3rd Mudaraba Subordinated Bond 22,802,052 22,290,415
Ashuganj Power Station Company Ltd. 76,720,188 113,820,183
EBL 2nd Floating Rate Non-convertible Subordinated Bond 112,808,220 141,122,260
BEXIMCO Communications Limited Corporate Bond-2019 481,232,878 451,232,876
Rangpur Metal Industries Ltd. Fixed Rate Zero Coupon Bond 20,597,107 10,473,173
IPDC Finance Ltd.Tier II Subordinated Bond 22,420,321 31,772,713
EBL 3rd Floating Rate Non-convertible Subordinated Bond 57,000,513 70,185,514
Bank Asia Ltd Floating Rate Dated Subordinated Bond-III 196,445,206 232,493,151
EXIM Bank Ltd. Floating Rate Dated Subordinated Bond-II 213,125,000 249,251,712
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond-III 145,701,369 178,473,972
The Premier Bank Ltd. Subordinated Bond-2019 34,956,576 38,274,657
Pubali Bank Floating Rate Dated Non-convertible Sub. Bond 225,000,000 268,905,206
MTB 4th Subordinated Bond 34,991,781 35,181,096
Pubali Floating Rate Dated Non-convertible Subordinated Bond-III (2nd tranche) 75,093,150 27,945,206
Standard Bank 3rd Subordinated Bond 71,256,848 22,397,261
Al Arafah Bank Ltd. 3rd Subordinated Bond 148,324,383 28,680,548
Islamic Finance and Investment Ltd 15,668,614 2,106,850
Southeast Bank Ltd Non Convertible Subordinated Bond 93,750,000 5,650,685
Dutch Bangla Bank Floating Rate 3rd Subordinated Bond 34,516,851 1,746,575
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond-III(2nd tranche) 111,521,096 5,239,726
AB Bank Ltd Subordinate Bond IV 55,325,753 1,749,452
Trust Bank Ltd. Floating Rate Subordinated Bond 150,530,410 1,150,685
EXIM Bank Ltd. Floating Rate Subordinated Bond-IV 97,319,179 -
IFIC Bank Floating non convertible Subordinated Bond 31,356,164 -
PRAN Agro Ltd. Green Coupon bearing Bond 3,945,206 -
BEXIMCO Green Sukuk Bond 6,287,671 -
NRB Commercial Bank Ltd 575,342 -
Southeast Bank Subordinated Bond-V 1,150,685 -
Interest on other bond 17,218,025 -
Interest on Commercial Paper 42,526,777 7,329,433
Interest on Reverse REPO 441,664,275 213,056,374
Interest on Syndicative Term Loan 24,214,831 56,455,593
Profit on Sale of Shares 236,953,273 61,476,543
Profit on Sale of Securities 3,739,803,821 1,101,572,859
23,400,396,136 17,759,255,473
The above investment incomes were earned from Dhaka region only.
According to Bangladesh Bank DBI-1 letter Ref: DBI-1(Posha-4)/2344/2022-570; dated 21 April 2022,
the required income reversal of investment income is BDT 12 crore (Orion Infrastructure Limited). Later,
upon realization Bangladesh Bank has given exemption from the said reversal through its letter Ref: DBI-
1(Posha-4)/2344/2022-623; dated 28 April 2022.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
25(a) Consolidated Investment Income

24,175,713,147 18,074,733,143
26 Commission, exchange earnings & brokerage

Commission on bills (Foreign & Inland) 64,174,940 82,375,001
Commission DD, TT & MT (Local) 151,008,150 117,217,229
Commission on DD, TT, TC (Foreign) 56,756,314 47,492,480
Commission on Letters of Guarantee (Local) 143,979,514 98,858,443
Commission on Letters of Guarantee (Foreign) 47,894,708 56,504,049
Commission on Letter of Credit 2,817,764,189 2,469,215,175
Commission on Export bill 177,104,170 144,882,615
Commission on LIM 865,081 968,279
Commission on Underwriting 56,055,252 21,380,935
Commission on Army Pension Paid 6,169,084 13,683,260
Commission on Food procurement Bills 179,132,674 160,806,425
Commission on Miscellaneous 277,159,310 186,886,143
CIB Service Charge 29,000,060 26,000,000
Commission on Sanchay patra 204,070,404 29,546,451
Consortium/Syndication Fee 40,783,706 4,073,299
Loan processing fee 87,766,850 64,777,168
Fees & Commission For Debit Card 10,373,114 5,391,109
Foreign Correspondence charges 3,900,946 1,112,999
Exchange Earning on Foreign Currency 2,381,242,568 1,636,861,624
6,735,201,034 5,168,032,684
Please refer to Bangladesh Bank DBI-1 letter Ref: DBI-1(Posha-4)/2344/2022-570; dated 21 April 2022. The
bank has recognized commission income for an LC of the Foreign Exchange Corporate Branch amounting to
BDT 284.09 crore for the year ended 31 December 2021 and BDT 284.09 crore in the prior years. As per the said
Bangladesh Bank letter, the Bank has made the adjustments for the said LC commission income amounting to
BDT 160.23 crore for the year and adjusted the income amounting to BDT 254.69 crore including BDT 123.86
crore for 2021 and BDT 130.83 crore for prior years.
26.1 Geographical Location - wise Commission, Exchange and brokerage
Dhaka Region 5,848,591,956 4,537,806,267
Chittagong Region 132,128,412 95,073,417
Khulna Region 226,076,361 159,035,540
Rajshahi Region 126,906,742 108,669,885
Barisal Region 21,304,103 18,883,804
Sylhet Region 37,582,222 27,218,436
Rangpur Region 132,597,478 100,606,099
Mymensingh Region 112,503,400 59,790,871
Comilla Region 68,963,920 44,613,188
Faridpur Region 28,546,440 16,335,177
6,735,201,034 5,168,032,684

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
26(a) Consolidated Commission, Exchange and Brokerage

6,922,263,120 5,275,912,923
Less: Inter-company transaction(s) - -
6,922,263,120 5,275,912,923
27 Other operating income

Rent on Immovable Properties & Godown 644,966 359,034
Rent on SD Lockers 12,174,975 11,273,862
Profit on sale of Assets 2,165,273 9,253,233
Postage Recoveries 50,282,140 46,494,076
Telegram Recoveries 539,086 511,331
Trunk-call Recoveries 88,775 58,118
Account Maintenance Fee 530,590,509 742,355,868
Service charge on rural credit 1,450 3,483
Service charge on Weavers/ Hosiery credit 10,567 -
Service charge on Industrial credit - 1,100
Service charge on other credit 398,013,570 327,137,973
Sales proceeds on loan application form 1,253,333 2,104,395
Annual Charges on Deposit account 500,874 193,845
Annual Charges on Loan account 733,047 336,038
Service Charges on FSS (Female Student Scholarship) 49,475,368 19,067,993
Sale of LC/Export/Schedule form and tender Schedule 12,151,635 10,238,079
Telephone, Telex & Swift charges 74,682,596 48,740,725
Account Closing Charge 260,971,131 207,816,634
Rebate received from Foreign bank 14,821,497 17,445,258
Proceeds realization certificate charges 6,153,089 5,926,430
Remuneration received from Sanchaya Patra 7,040,558 2,736,225
Service Charges on Civil Pension paid 84,545 1,798,674
Electronic Govt. Procure (e-GP) 2,251,333 1,669,645
Service Charges on Deposit account 25,013,241 30,021,467
Capital Gains - 1,010,078
1,449,643,558 1,486,553,564
According to Bangladesh Bank DBI-1 letter Ref: DBI-1(Posha-4)/2344/2022-570; dated 21 April 2022, the bank
has been instructed to adjust the prior year’s income of Account maintenance fee (Other operating Income)
amounting to BDT 10.81 crore. The bank has made the adjustment accordingly. In addition to income reversal
Bangladesh Bank has also instructed to re-pay the amount to respective deposit accounts.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
27(a) Consolidated Other Operating Income

Agrani Remittance House Canada Inc. - 94,480
1,511,680,500 1,559,459,951
28 Salary and allowance etc.

Salaries- officers 4,091,398,100 4,182,939,884
Salaries- staff 344,097,836 359,687,577
Dearness allowance (Officers & Staff) 82,009 157,305
Fringe Benefit (Officer & Staff) 121,157,301 104,276,429
Bonus (officers & Staff) 667,797,985 718,697,454
Banks contribution to provident fund 54,555,768 160,861,525
Banks contribution to employees pension fund 2,992,835,380 1,667,063,509
Banks contribution to gratuity fund 4,359,630 385,166,386
Conveyance allowances 3,374,235 3,476,837
Entertainment allowances 1,989,293 1,724,388
Children education allowances 49,372,977 51,530,436
Hill Allowances 2,389,839 2,858,373
Honorarium & Fees 30,129,118 27,833,579
Medical Expenses 738,468 550,983
Medical Expenses (Consultation Fees) 1,524,600 1,507,800
Medical allowances 194,202,291 206,793,861
Uniform and other apparels 7,113,973 10,515,118
Overtime expenses 12,743,254 12,248,559
Compensatory Allowances 263,400 607,382
Lunch subsidy/Iftar Coupon 455,344,911 441,714,057
Leave Encashment 1,944,635 2,138,941
Sports and cultural activities 2,403,759 30,932,028
House rent allowances (officers) 1,640,397,416 1,663,945,013
House rent allowances (staff) 140,223,857 158,036,147
Wages paid to temporary employees 323,906,632 253,121,520
Death Relief Grant Scheme - 18,000
Staff transport fare 34,996,827 28,941,053
Police & Ansar Expenses 505,706,709 491,907,368
Ex-Gratia 330,085 -
Evening, Night & Charge Allowance 6,715,875 7,788,666
Salary and allowance of Head of ICC 1,720,000 5,855,000
Bangla Nobobarso Allowance 66,074,389 67,114,802
Salary & Allow-Executive (Contractual) 9,527,670 8,766,525
COVID-19 Spl. Motivational Allowances (50,812) 498,921,573
11,769,367,410 11,557,698,078

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
28(a) Consolidated Salary and Allowance etc.

Agrani Remittance House Canada Inc. - 1,134,928
11,932,529,016 11,714,601,034
29 Rent, taxes, insurance, lighting etc.

Rent on Premises 496,803,198 446,550,087
Interest expense for Leased Assets 26,391,948 38,393,666
Rent on Godown 3,297,664 3,971,414
Lighting Charges 119,466,107 106,675,171
Insurance Charges on Cash - 65,652
Insurance Charges on vehicles 2,021,227 3,265,841
Insurance Charges on property 1,558,638 1,621,089
Rates, Taxes, Ceases 59,198,845 57,798,144
Taxes on Immovable Property 147,485 347,652
Insurance Charges on Deposits 409,629,242 400,065,092
1,118,514,354 1,058,753,808
29(a) Consolidated rent, taxes, insurance, lighting etc.

Agrani Exchange House Private Limited, Singapore 1,409,338 684,771
1,129,618,223 1,070,282,715
30 Legal expenses
Court fees 818,566 1,875,433
Lawyer’s fees 4,300,746 5,015,020
Other legal expenses 7,354,091 6,213,855
12,473,403 13,104,308
30(a) Consolidated Legal Expenses

Agrani Equity & Investment Limited 15,350 46,000
Agrani Exchange House Private Limited, Singapore 2,502,925 743,487
15,244,750 15,249,577

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
31 Postage, stamp, telegram & telephone

Postages 43,611,181 38,439,278
Telegram Charges 14,438 10,804
Communication Charge 235,683,022 258,608,988
Stamps - 12,940
Telephone Charges (Office) 11,155,329 11,764,955
Telephone Charges (Residence) 791,136 2,036,885
Trunk-call charges 1,042 -
291,256,148 310,873,850
31(a) Consolidated postage, stamp, telegram & telephone

293,874,148 314,091,430
32 Stationery, printing, advertisement

Printing Stationery 92,668,856.00 89,353,457
Paper & Table Stationery 28,904,159 28,165,097
Advertisement publicity charge (Tender) 3,836,530 2,178,699
Advertisement publicity charge (Development) 34,718,025 16,593,171
Security Stationery 40,459,756 37,918,173
200,587,326 174,208,597
32(a) Consolidated Stationery, printing, advertisement

204,438,448 177,871,299
33 Chief executive’s salary and allowances

Basic Salary 3,300,000 3,300,000
House Rent Allowance 900,000 900,000
Festival Bonus 550,000 550,000
Medical Allowance 120,000 120,000
Utility Allowance 300,000 300,000
House Maintenance Allowance 180,000 180,000
COVID-19 Special Motivational Allowance - 200,000
Incentive Bonus - 891,301
5,350,000 6,441,301
Incentive Bonus has been paid to CEO for 2021 from the provision kept for incentive bonus in 2021.

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
33(a) Consolidated Chief executive’s salary and allowances

Agrani SME Financing Company Limited 1,960,000 597,096
7,310,000 7,038,397
34 Fees & allowances of Directors

Fees for attending board meetings 4,294,400 2,992,000
Fees for attending executive committee meetings 52,800 52,800
Fees for attending audit committee meetings 220,000 228,800
Fees for attending risk management committee meetings 193,600 220,000
Fees for shariah supervisory committee meetings 176,000 88,000
Allowances 610,337 705,882
5,547,137 4,287,482
34(a) Consolidated Fees & allowances of Directors

Agrani Exchange House Private Limited, Singapore 191,287 -
10,970,740 9,345,474
35 Auditors’ Fees
Audit Fee (Statutory Audit) 4,000,000 4,000,000
Audit Fee (Others) 344,000 44,000
4,344,000 4,044,000
35(a) Consolidated Auditors’ Fees

Agrani Exchange House Private Limited, Singapore 331,564 852,786
5,461,539 6,034,089

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
36 Depreciation & repairs of bank’s assets

a. Depreciation of Banks Assets (Annexure-G):
Buildings 27,416,382 27,398,382
Furniture & fixtures 65,281,852 62,525,831
Motor Vehicles 8,022,449 16,333,701
Office Equipment 32,704,476 36,176,583
Electric material 42,835,682 46,743,710
Computers 118,862,343 179,323,852
Library Books & Others 321,601 291,724
Sub total 295,444,785 368,793,783
b. Amortization of Intangible Assets

Amortization of Software Purchase 219,692,417 122,333,819
Sub total 219,692,417 122,333,819
c. Depreciation of Leased Assets

Leased Assets Depreciation 84,028,426 143,707,785
Sub total 84,028,426 143,707,785
d. Repairs & Maintenance of Banks Assets:

Bank Buildings 12,279,948 7,175,428
Furniture & fixtures 3,068,467 3,255,909
Motor Vehicles 169,681,443 188,361,912
Office Equipment 8,887,687 10,046,624
Electric material 21,384,104 22,002,018
Computers 807,711,114 435,309,771
Renovation & Maintenance of Branch Premises 3,314,519 16,175,612
Sub total 1,026,327,282 682,327,274
Total (a+b+c+d) 1,625,492,910 1,317,162,661
36(a) Consolidated Depreciation & repairs of bank’s assets
1,664,877,782 1,358,745,351

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
37 Other expenses
Conveyance/Transportation Charges 22,022,310 22,223,149
Petroleum, Oil and Lubricants for vehicles 14,474,771 13,992,888
Petroleum, Oil and Lubricants for generator 53,255,646 52,996,380
Entertainment Charges 38,579,892 34,525,236
Entertainment (Excluding ceiling) 17,380,746 17,364,260
Traveling Expenses 23,301,276 27,849,702
Remittance (Through Bank Exchanges) 3,128,314 4,039,909
Remittance (Cash) 65,570,921 67,130,849
Registration Charges 706,550 655,764
Mortgages Fee of Land/Home of staff house building loan 2,185,552 2,545,225
Bankers Clearing House charges 358,426 347,761
Loss on Sale of Share & Securities 107,067,138 16,014,855
Loss on Amortization of Securities 245,838,946 110,207,397
Newspapers & Periodicals 10,004,963 9,081,406
Upkeep of office premises 44,438,694 62,192,731
Business Development Expenses 298,631,568 1,015,480,259
Expenses on CSR 17,183,000 -
Training Expenses 1,195,702 2,730,362
Washing Charges 1,591,062 1,761,296
Closing expenditure 21,280,000 22,369,955
Micro Enterprise Development Unit 20,154 -
Subscription 5,718,000 5,718,000
Donation - -
Funeral expenses 2,700,000 2,995,000
Death Relief Special Grant (Covid-19) 40,000,000 -
Fees and commission 7,751,465 2,587,634
Fees and commission on bond issue 1,732,000 4,455,000
Exchange a/c Charge paid to Foreign Bank 8,341,007 26,777,820
Exchange Loss on FC 557,634,628 1,381,358,210
Loss on Revaluation of Security 838,698,761 227,406,040
2,450,791,492 3,134,807,088
37(a) Consolidated Other Expenses

Agrani Remittance House Canada Inc. 594,646 369,944
2,507,355,779 3,180,033,641

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
38 Provision for loans & advances

Provision for Bad & Doubtful Loans & Advances 968,696,282 1,000,000,000
Unclassified loans & advances 283,371,248 (4,281,241,693)
Special General Provision - COVID-19 787,400,824 4,619,023,172
Special Mention Account (789,468,354) (318,417,311)
3% General reserve for consumer financing - -
Net Charge to Profit & Loss A/C 1,250,000,000 1,019,364,168
38(a) Consolidated provision for loans & advances

1,271,224,755 1,027,860,914
39 Provision for diminution in the value of Investments 161,449,835 104,622,344
39.1 Other provision

Provision for off balance sheet exposures 145,304,620 938,327,418
Provision for Incentive Bonus 1,240,000,000 1,150,000,000
Death Relief Grant Scheme 120,000,000 30,000,000
Balance with Other Banks & Financial Institutions - 70,000,000
Branch Adjustment (47,544,623) -
Provision for balance with Bangladesh Bank (Local Currency) 108,779,751 -
Provision for balance with Bank of Ceylon 429,000 -
Fixed Asset (21,913,328) -
Money at Call and Short Notice 80,000,000 -
Provision for Other Assets:

Protested Bills (1) -
Sundry Debtors - Staff (170,498) -
Sundry Debtors - Others 51,651,810 -
Clearing Suspense Account for T-24 Branch - 4,000
Clearing Adjustment 629,185 -
Loan application Form (199,014) -
Premium paid XPB (15,000) -
D.D. paid without advice (1,565,577) -
Stationary on Hand (2,998,886) -
Stamps in Hand (983,896) -
Pension Paid (Army) 3,181,567 -
Pension Paid (Civil) 76,785 47,201

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Pension Paid (Staff) (7,336,276) 1,988,658

Exempted Loans & Advances (20,525) -
Interest on Exempted Loans & Advances 26,568,598 -
Legal Charges 100,820 -
Accrued income 8,555,614 4,800,047
Advance Rent 203,300 -
Advance against other expenses 56,410 -
Advance against Postage & Telegram (1,128) -
Deposit for Electricity, Gas & Water line (115,890) -
Deposit for T & T line (111,282) -
Net Balance with Pakistan Bank (1) -
Net Balance with Indian Bank 23,505 -
Demonetized Notes 183 -
Branch Adjustment - (95,315,603)
Advance Deposit & Pre-payment - 23,628
Receivable from Agrani Exchange Company (Australia) Pty. Limited 205,190 29,197,654
Foreign Correspondent Draft Paid (48,233) 416,404
Defective/Mutilated/Burnt Notes 503,365 -
Wage Earner Bond (1,589,454) 2,665,019
Sub Total 77,676,869 (23,682,871)
Net Charge to Profit & Loss A/C 3,402,732,289 3,202,644,547
39(a).1 Consolidated Provision for diminution in the value of Investments

161,449,835 104,622,344
39(a).2 Consolidated Other Provision

3,412,732,289 3,212,644,547

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
40 Consolidated Current Tax Expense

Agrani Bank Limited 892,183,478 1,204,157,449
Agrani Remittance House SDN. BHD., Malaysia (5,510) 3,632,668
1,050,769,761 1,314,180,727
41 Consolidated Deferred Tax Expense

Agrani Bank Limited (599,954,770) 1,231,912,019
Agrani SME Financing Company Limited 303,491 (114,254)
(599,651,279) 1,231,797,765
42 Interest Receipts in Cash

Loans & Advances 30,753,928,589 25,730,907,795
Balance with Other Banks & Financial Institutions 4,204,517,485 5,712,759,563
34,958,446,074 31,443,667,358
42(a) Consolidated Interest Receipts in Cash

Agrani Exchange House Private Limited, Singapore - 362,656
35,395,603,097 31,746,357,073
Less: Inter-company (Transactions) (259,113,065) (286,517,444)
35,136,490,032 31,459,839,629
43 Interest Payments in Cash

Agrani Bank Monthly Deposit Scheme(ABMDS) 3,724,229 10,209,148
Agrani Bank Pension Scheme (ABPS) 5,363,920 5,508,433
Interest on Agrani NRB Deposit Scheme 692,735 -
Interest on Non-Resident Special Savings Deposit 29,064 17,106
Interest on Student Super Savings Scheme 6,922 -
Agrani Bank Special Deposit Scheme (ABS) 1,877,900,358 1,943,528,570
Deposit Pension Scheme (DPS) 2,128,405 1,148,227
Fixed Deposit Receipts 23,202,521,497 15,366,257,759
Interest on ABDBS 16,374,624 52,452,646
Interest on ABMIS (1,340,191) (3,484,296)

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Savings Deposit 5,467,176,376 5,245,606,991

Special Notice Deposit 6,913,055,515 5,162,435,170
Staff Provident Fund 640,665,212 604,937,238
Quarterly Income Scheme 35,167 712,189
Millionaire Deposit Scheme 2,829,612 3,195,799
Lakhopoti Deposit Scheme 405,450 344,368
Probashi Income Scheme 66,530 29,596
Bakna Basur 4,323,448 354,566
Double Benefit Scheme 146,509 27,758
Deposit Scheme 114,060 165,292
Senior Citizen Saving Scheme (530,745) 102,457
Agrani Bank Sanchay Pension Scheme 203,172 417,588
Agrani Bank Wage Earner Deposit Scheme 831,250 698,575
Agrani Bank Education Scheme 395,623 105,480
Agrani Bank Supper Saving Scheme 743,428,715 242,012,275
Borrowings 1,082,540,120 1,153,033,231
Banks & Other Financial Institutions 46,863,088 170,524,478
40,009,950,665 29,960,340,644
43(a) Consolidated Interest Payments in Cash

40,270,242,589 30,244,039,104
40,011,129,524 29,957,521,660
44 Cash receipts from other operating activities

Account Closing Charge 259,683,402 208,229,628
Account Maintenance Fee 533,350,900 742,138,789
Annual Charges on deposit A/C 33,431 76,756
Annual Charges on Loan A/C 579,921 336,038
Electronic Govt. Procure (e-GP) 2,235,574 1,653,345
Miscellaneous Earnings 25,937,758 29,922,362
Postage Recoveries 50,233,401 46,505,507
Proceeds realization certificate charges 6,220,261 5,928,430
Profit on sale of other assets 2,165,273 9,253,233
Rebate received from Foreign bank 14,821,497 17,445,258
Remuneration received from Sanchaya Patra 481,162 3,959,345
Rent on Immovable Properties & Godown 644,966 359,034
Rent on SD Lockers 12,303,457 11,325,421
Sale of LC/Export/Schedule form and tender Schedule 12,151,635 10,238,079

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
Sales proceeds on loan application form 1,245,123 2,100,395

Service charge on Industrial credit - 1,100
Service charge on other credit 311,000,652 311,380,711
Service charge on rural credit 1,450 3,483
Service charge on Weavers/ Hosiery credit 10,567 -
Service Charges on Civil Pension paid 178,780 1,819,154
Service Charges on Deposit A/C - 1,010,078
Service Charges on FSS (Female Student Scholarship) 49,475,368 19,253,312
Telegram Recoveries 538,906 517,971
Telephone, Telex & Swift charges 74,466,695 48,740,725
Trunk-call Recoveries 88,775 58,118
1,357,848,954 1,472,256,272
44(a) Consolidated Cash receipts from other operating activities

1,419,885,896 1,545,162,659
45 Cash payment for other operating activities

Auditors Fee 4,344,000 4,044,000
Directors’ fees and allowances 5,547,137 4,287,482
Legal charges 12,399,222 13,132,308
Other expenses 1,565,110,000 2,893,833,056
Postage, stamps, telegrams and telephone 288,440,085 310,819,624
Rent, taxes, insurance lighting etc. 1,037,211,104 1,058,971,014
Repairs to fixed assets 941,223,806 682,788,768
3,854,275,354 4,967,876,252
45(a) Consolidated Cash payment for other operating activities

Agrani Remittance House Canada Inc. 594,646 2,260,452

3,974,131,421 5,078,178,598

Agrani Bank Limited
Amount in BDT
2020
2021
Restated
46 Solo Cash & cash equivalent at the end of the period

Cash in hand & with Bangladesh Bank & Sonali Bank Ltd. 45,774,772,079 111,440,334,861
Balance with Other Banks 62,520,692,311 58,206,611,731
Money at Call & Short Notice 11,040,000,000 23,190,000,000
Prize Bonds 15,915,000 14,516,700
119,351,379,390 192,851,463,292
47 Consolidated Cash & cash equivalent at the end of the period

Cash in hand & with Bangladesh Bank & Sonali Bank Ltd. 45,813,797,732 111,509,085,159
Balance with Other Banks 62,865,001,360 58,524,275,251
Money at Call & Short Notice 11,040,000,000 23,190,000,000
Prize Bonds 15,915,000 14,516,700
119,734,714,092 193,237,877,110
48 Consolidated Shareholder’s Equity

Paid up Capital 20,722,940,400 20,722,940,400
General Reserve 603,286,599 603,286,599
Risk Fund 100,000,000 100,000,000
Asset Revaluation Reserve 10,975,579,288 10,975,579,288
Revaluation & Amortization Reserve in Govt. Securities 299,005,028 2,023,740,474
Retained profit/(Loss) from profit and loss account (1,660,345,708) (3,511,000,080)
Foreign Currency Translation Reserve 40,831,041 44,078,101
Minority Interest 4,074 3,687
40,783,950,287 40,312,529,658
49 Current Ratio
The Bank had the following current assets and current liabilities as on 31 December 2021 & 2020 as per liquidity statement.
Current Assets:
Cash 8,499,880,770 83,912,285,194
Balance with other banks and financial institutions 62,520,692,311 58,206,611,731
Money at call and short notice 11,040,000,000 23,190,000,000
Investment 152,425,183,119 117,154,146,363
Loans and advances 234,219,500,382 259,008,726,829
Other Assets - -
Total current assets 468,705,256,582 541,471,770,117
Current liabilities:
Borrowing from other banks, FI and agents 11,239,590,689 4,351,077,682
Deposits 434,898,778,225 499,323,173,150
Provisions and other liabilities 5,441,141,744 4,628,600,874
Total Current liabilities 451,579,510,658 508,302,851,706
Current Assets exceeding Current Liabilities 17,125,745,924 33,168,918,411
Current Ratio:
Current assets 468,705,256,582 541,471,770,117
Current liabilities 451,579,510,658 508,302,851,706
1.04 1.07

Agrani Bank Limited
50 Categories of financial assets and financial liabilities in accordance with International Financial Reporting Standard
(IFRS-7) Financial Instruments : Disclosures
Figure in million BDT

Consolidated Bank
2021 2020 2021 2020

Particular
Carying Fair Carrying Fair Carrying Fair Carrying Fair
amount value amount value amount value amount value
Financial Assets
Loans and receivable 872,639 872,639 914,613 914,613 869,446 869,446 912,306 912,306
Held to maturity 183,629 182,164 129,073 129,169 183,629 182,164 129,073 129,169
Held for trading 120,394 120,825 29,522 28,743 120,394 120,825 29,522 28,743
Available for sale 5,492 3,853 5,885 4,090 5,492 3,853 5,885 4,090
Non-Financial Assets 16,128 16,128 16,413 16,413 16,048 16,048 16,309 16,309
Total Assets 1,198,282 1,195,609 1,095,506 1,093,028 1,195,009 1,192,336 1,093,095 1,090,617
Financial Liabilities
Financial Liabilities at fair value through profit or loss - - - - - - - -
Financial liabilities measured at amortised cost 1,111,215 1,111,215 1,008,793 1,008,793 1,111,143 1,111,143 1,008,812 1,008,812
Non-Financial Liabilities-provision 46,283 46,283 45,132 45,132 43,295 43,295 42,215 42,215
Total liabilities 1,157,498 1,157,498 1,053,925 1,053,925 1,154,438 1,154,438 1,051,027 1,051,027
Detailed Classifications of Financial Instruments in Annexure-H.
51 Reconciliation between presentation of Assets & Liabilities in fair value as mentioned in note- 50 and balance sheet:
Particular Consolidated Bank

Assets presented at fair value as per note # 50 1,195,609 1,192,336
Add : Fall in Market price of assets 2,673 2,673
Value of assets as per balance sheet 1,198,282 1,195,009

Agrani Bank Limited
Consolidated Bank
2021 2020 2021 2020
52 Performance Evaluation
Average Cost of Deposits (%) 4.42 % 3.89 % 4.31 % 3.72 %

Average Cost of Borrowing (%) 7.05 % 7.46 % 7.06 % 7.46 %
Average Yield on Loans & Advances (performing loan) (%) 6.51 % 5.98 % 6.46 % 5.95 %
Average Yield on Investments (%) 6.87 % 7.03 % 6.82 % 7.16 %
Average Yield on Call loans to Bank (%) 2.23 % 2.46 % 2.23 % 2.46 %
Average Yield on Balance with other Banks (%) 6.43 % 8.55 % 6.47 % 8.59 %
Net Spread (%) 3.18 % 3.03 % 3.18 % 3.03 %
Net Interest Margin (%) 1.58 % 1.99 % 1.50 % 1.96 %
Contribution of non-interest bearing liabilities (%) 1.60 % 1.04 % 1.68 % 1.07 %
Detail of calculations is given in Annexure I.
53 Workers Participation Fund
Chapter-XV of the Bangladesh Labour Act, 2006 (as amended up to 2013) deals with the workers’ participation
in company’s profit by way of ‘Workers Participation Fund’ and ‘Welfare Fund’. This Act requires the “Industrial
Undertakings” to maintain provision for workers’ profit participation fund @5% on net profit. Since this
requirement contradicts with the ‘Section 11’ of the Bank Company Act 1991 (as amended up to 2013), banks
in Bangladesh took up the issue collectively and sought opinion from the Association of Bankers Bangladesh
Limited (ABB) on the same. ABB wrote a letter to the Ministry of Finance of the Government of People’s
Republic of Bangladesh on 09 March 2016 to draw attention of the honorable Finance Minister regarding
relevance and applicability of Chapter-XV of the Bangladesh Labour Act, 2006 (as amended up to 2013) for
the bank companies and to obtain a direction on the issue. The Ministry of Finance revealed their opinion that
WPPF should not be relevant for bank companies, and therefore it should not be applied there. They also
sought for an opinion on this issue from Bangladesh Bank. Subsequently, Bangladesh Bank agreed on all the
logics and legal opinion collected by the ABB and expressed their consensus with them on 29 November 2016.
In this backdrop, the Ministry of Finance has given their instruction, vide letter no. 53.00.0000.311.22.002.17-
130 dated 14 February 2017, for not applying Chapter-XV of the Bangladesh Labour Act, 2006 (as amended up
to 2013) in bank companies. Therefore, no provision in this regard has been made in the financial statements
for the year ended on 31 December 2021.
(MUHAMMED DIDARUL ISLAM FCA) (MOHAMMAD SHAMS-UL ISLAM

Dated, Dhaka
30 April, 2022

Agrani Bank Limited
Highlights on the Overall Activities of the Bank
As at and for the year ended at 31 December, 2021 and 2020
Consolidated Bank
SL
Particulars Unit 2020 2020
No 2021 2021
Restated Restated
1 Paid up Capital BDT 20,722,940,400 20,722,940,400 20,722,940,400 20,722,940,400
2 Total Regulatory Capital BDT 47,801,937,957 44,889,189,887 47,629,537,461 45,421,290,707
3 Capital to Risk Weighted Assets Ratio (CRAR) Percentage 7.48% 9.53% 7.55% 9.74%
4 Capital surplus/(deficit) BDT (16,116,882,543) (2,238,186,113) (15,484,564,539) (1,220,499,793)
5 Total Assets BDT 1,198,281,713,363 1,095,506,078,839 1,195,008,678,228 1,093,095,593,003
6 Total Deposits BDT 1,008,698,268,851 920,636,228,156 1,008,643,899,308 920,654,677,312
7 Total Loans and Advances BDT 597,818,603,199 517,523,390,454 597,902,850,487 519,440,838,024
8 Credit Deposit Ratio Percentage 59.27% 56.21% 59.28% 56.42%
9 Shareholders’ Equity BDT 40,783,950,287 40,312,529,658 40,570,714,676 40,800,548,690
10 Total Contingent Liabilities and Commitments BDT 303,566,848,519 272,448,819,224 303,566,848,519 272,448,819,224
11 Amount of classified loans & advances BDT 99,923,271,031 64,787,326,929 99,873,067,276 64,724,866,686
12 Classified loans against total loans & advances Percentage 16.71% 12.52% 16.70% 12.46%
13 Amount of classified loans during current year BDT 42,350,900,590 7,791,861,649 42,350,900,590 7,791,861,649
14 Provisions kept against classified loans BDT 29,273,753,747 28,024,603,649 29,240,292,739 27,993,896,649
15 Provision surplus/(deficit) BDT (49,973,688,794) (27,900,381,918) (49,973,688,794) (27,900,381,918)
16 Profit after tax and provision BDT 2,098,086,911 (33,768,300) 1,374,876,547 (140,629,982)
17 Interest earning assets BDT 662,611,002,213 595,309,411,011 662,350,940,452 596,909,195,061
18 Non-interest earning assets BDT 535,670,711,150 500,196,667,828 532,657,737,776 496,186,397,942
19 Income from investments BDT 24,175,713,147 18,074,733,143 23,400,396,136 17,759,255,473
20 Cost of fund Percentage 6.30% 6.75% 6.30% 6.75%
21 Return on investment (ROI) Percentage 6.06% 5.92% 6.00% 6.00%
22 Return on Assets (ROA) Percentage 0.18% -0.003% 0.12% -0.01%
23 Return on Equity (ROE) Percentage 5.14% -0.08% 3.39% -0.34%
24 Earnings per Share BDT 10.12 (0.16) 6.63 (0.68)

Agrani Bank Limited
Related Party Disclosure
ANNEXURE - A
i) Directors & their close familyh members’ Interest and Position in Different Entities
Date of ap- No. of shares held Entities where they have interest &
Name and address Status
pointment in the Bank position
Dr. Zaid Bakht Chairman 14-Dec-20 01 Former Research Director, BIDS

Additional Secretary, Financial Institutions
Mr. Mafiz Uddin Ahmed Director 12-Apr-21 01 Division, Ministry of Finance
Managing Editor
Mr. Kashem Humayun Director 09-Sep-19 01
The Daily Sangbad
Mr. K.M.N. Manjurul Hoque Labloo Director 09-Sep-19 01 Global News, Editor-in-Chief
Independent Director, City General Insurance
Mr. Khondker Fazle Rashid Director 24-Sep-19 01
Company Limited
Tanjina Ismail Director 15-Sep-20 01 District & Sessions Judge (PRL)
Senior Partner, MABS & J Partners, Chartered

Mr. Md. Shahadat Hossain Director 06-Sep-21 01
Accountants

Mr. Mohammad Shams-Ul Islam MD & CEO 25-Aug-19
Agrani Bank Limited, Head Office, Dhaka
ii) Related party relationship disclosure during the year 2021 (IAS-24 Related Party Disclosure)
Name of Related Party Related Party Relationship Amount (BDT) Nature
Government (Note-21.1) Owner 539,208,584 Letter of Guarantee
Government (Note-21.2) Owner 98,763,115,669 Letter of Credit
Government (Note-6.1) Owner 287,764,516,766 Government Securities
Government (Note-9) Owner 24,945,456,432 Advance Income Tax
Ministry of Food and other Ministries (Note-7.3.b) Owner 6,411,966,463 Loans and Advances
State Owned Enterprises (Note-7.3.b) Government Enterprises 17,042,308,206 Guarantees for Loans and Advances
Government (Note-11.4) Owner 89,850,597,742 Deposits (CD, SB, FDR, STD and SP Deposit)
Agrani Equity & Investment Ltd. (Note-10(a)) Subsidiary Company 3,913,107,913 Loans to subsidiary company
Agrani SME Financing Com. Ltd. (Note-10(a)) Subsidiary Company 1,041,468,113 Loans to subsidiary company
Agrani Exchange House Pvt. Ltd. (Note-9.1) Subsidiary Company 6,457,000 Investment in subsidiary company
Agrani Remittance House SDN.BHD (Note-9.1) Subsidiary Company 8,967,168 Investment in subsidiary company
Agrani Remittance House , Canada (Note-9.1) Subsidiary Company 8,217 Investment in subsidiary company
Agrani Exchange House Pvt. Australia (Note-9.1) Subsidiary Company 4,000,965 Investment in subsidiary company
Agrani Equity & Investment Ltd. (Note-9.1) Subsidiary Company 5,000,000,000 Investment in subsidiary company
Agrani SME Financing Com. Ltd. (Note-9.1) Subsidiary Company 1,000,000,000 Investment in subsidiary company

Agrani Bank Limited
Treasury Bill, Treasury Bond, Other Bond
ANNEXURE - B .1
Treasury Bill: Amount in BDT
No. of Cost Value/ Market Amount Booked
Rate of
Particulars Quan- Face Value Previous value Amorti- Rev.
Interest
tity Value on 31.12.21 zation Reserve A/C
A. Treasury Bills in HTM (Un-encumbered/SLR)
91 Days 1 128,600,000 2.86 127,689,512 128,219,791 530,279 -
182 Days 3 5,200,000,000 2.95-2.97 5,124,116,400 5,156,317,250 32,200,850 -
364 Days 4 4,125,200,000 3.44-4.05 3,986,599,884 4,007,810,858 21,210,974 -
Sub Total 9,453,800,000 9,238,405,796 9,292,347,898 53,942,103 -
B. Treasury Bills in HFT (Un-encumbered/SLR)
91 Days 9 27,147,900,000 2.25-3.38 26,985,879,484 27,042,612,107 - 9,741,788
182 Days 4 23,125,000,000 0.87-3.25 22,867,710,125 22,950,186,250 - 10,711,925
364 Days 15 68,233,200,000 1.25-3.46 66,902,487,915 67,201,700,899 - 50,683
Sub Total 118,506,100,000 116,756,077,524 117,194,499,256 - 9,741,788
Total Treasury Bill (A+B) (Un-encumbered/SLR) 127,959,900,000 125,994,483,320 126,486,847,155 53,942,103 9,741,788
Treasury Bond: ANNEXURE - B.2

Amount Booked
No. of Rate of Cost Value/ Market value
Particulars Face Value Amortiza- Rev.
Quantity Interest Previous Value on 31.12.21
tion Reserve A/C
A. Treasury Bond in HTM (Un-encumbered/SLR)
Govt. Treasury Bond ( 2 years) 6 26,891,500,000 2.33-4.80 26,946,534,796 26,931,415,909 - -
Govt. Treasury Bond ( 5 years) 21 28,918,800,000 4.25-8.43 29,151,729,755 29,159,217,615 101,253,577
Govt. Treasury Bond ( 5 years-Remeasured) 1 100,000,000 5.84 101,223,700 100,044,664 -
Govt. Treasury Bond ( 10 years-Remeasured) 18 6,796,900,000 11.25-12.22 8,376,909,653 7,221,082,216 -
Govt. Treasury Bond ( 15 years-Remeasured) 16 1,512,700,000 11.50-12.42 1,907,628,518 1,777,119,028 -
Govt. Treasury Bond ( 20 years-Remeasured) 14 862,200,000 12.00-12.48 1,157,197,390 1,115,025,407 107
05 Years Bangladesh Govt. Investment Sukuk Bond 1 561,530,000 4.65-4.69 561,530,000 561,530,000 -
10Yrs.(Agrani Bank-BPC) T.Bond-2023 1 6,126,800,000 7.00 6,126,800,000 6,126,800,000 -
11 Yr.(Agrani Bank-BJMC) T.Bond-2023 1 1,699,600,000 5.00 1,699,600,000 1,699,600,000 -
13 Yr.(Agrani Bank-BJMC) T.Bond-2024 1 2,039,500,000 5.00 2,039,500,000 2,039,500,000 -
7 Yr.(Agrani Bank-Orion) T.Bond-2026 1 3,196,400,000 5.00 3,196,400,000 3,196,400,000 -
7 Yr.(Agrani Bank-Orion) T.Bond-2026 1 1,231,000,000 0.00 1,231,000,000 1,231,000,000 -
Sub-total 154,067,830,000 157,667,960,505 156,149,140,099 144,165,557 -
B. Treasury Bond in HFT (Un-encumbered/SLR)
Govt. Treasury Bond ( 2 years) 1 500,000,000 8.27 500,181,005 500,549,500 - 47,318,500
Govt. Treasury Bond ( 10 years) 2 260,000,000 5.40-6.77 249,766,680 241,165,860 - 33,062,510
05 Years Bangladesh Govt. Investment Sukuk Bond 3 2,888,300,000 4.65-4.69 2,888,300,000 2,888,300,000 -
Sub-total 3,648,300,000 3,638,247,685 3,630,015,360 - 80,381,010
Treasury Bond (A+B)(Un-encumbered/SLR) 157,716,130,000 161,306,208,190 159,779,155,459 144,165,557 80,381,010
C. Treasury Bond in HTM (Encumbered/Non SLR-Lien with BB in favour of SCB)
Govt. Treasury Bond ( 5 years) 2 15,000,000,000 4.64-8.05 16,722,365,000 16,722,365,000 - -
Sub-total 15,000,000,000 16,722,365,000 16,722,365,000 - -
D. Treasury Bond in HFT (Encumbered/Non SLR)
Govt. Treasury Bond Nil
Sub-total - - - - -
Treasury Bond (C+D)(Encumbered/Non SLR) 15,000,000,000 16,722,365,000 16,722,365,000 - -
Total Treasury Bond (A+B+C+D) 172,716,130,000 178,028,573,190 176,501,520,459 144,165,557 80,381,010

Agrani Bank Limited
ANNEXURE - B.3
Subordinated Bond (Encumbered/Non SLR) Amount in BDT
No. of Date of Rate/ Floating Rate of Cost Value/ Market value
Particulars Face Value Date of Issue
Quantity Maturity Interest Previous Value on 31.12.21
Floating Rate Dated Sub. Bond of EBL 1 40,000,000 2/19/2015 2/19/2022 11.50-14.00 40,000,000 40,000,000
Floating Rate Dated Sub. Bond of Bank Asia 1 40,000,000 2/19/2015 2/19/2022 11.50-14.00 40,000,000 40,000,000
Floating Rate Dated Sub. Bond of Prime Bank 1 40,000,000 2/19/2015 2/19/2022 11.50-14.00 40,000,000 40,000,000
Floating Rate Dated Sub. Bond of EXIM Bank 1 100,000,000 3/25/2015 3/25/2022 MTDR+Margin 2.50% 100,000,000 100,000,000
UCBL Subordinated Bond-II 1 40,000,000 7/30/2015 7/29/2022 10.00-13.00 40,000,000 40,000,000
Al-Arafah Islami Bank Sub. Bond 1 60,000,000 9/20/2015 9/20/2022 10.50-13.50 60,000,000 60,000,000
AB Bank Subordinated Bond II 1 100,000,000 9/29/2015 9/29/2022 10.50-13.50 100,000,000 100,000,000
Dhaka Bank Floating Rate Dated Subordinated Bond 1 200,000,000 5/15/2016 5/15/2023 7.00-11.00 200,000,000 200,000,000
IFIC Bank Coupon Bearing Subordinated Bond 1 200,000,000 5/29/2016 5/29/2023 7.00-10.50 200,000,000 200,000,000
Southeast Bank Subordinated Bond II 1 180,000,000 10/27/2016 10/27/2023 7.00-10.50 180,000,000 180,000,000
Mutual Trust Bank Ltd Subordinated Bond-II 1 180,000,000 2/16/2017 2/16/2024 7.00-10.50 180,000,000 180,000,000
Bank Asia Ltd. 2nd Subordinated Bond 1 150,000,000 4/23/2017 4/23/2024 MTDR+Margin 2.00% 150,000,000 150,000,000
Floating Rate non con. Sub Mudaraba Bond (Exim Bank) 1 300,000,000 5/29/2017 5/29/2024 7.00-10.50 300,000,000 300,000,000
DBBL Subordinated Bond-1 1 300,000,000 6/15/2017 6/15/2024 7.00-10.00 300,000,000 300,000,000
City Bank 2nd Subordinated Bond 1 170,000,000 6/21/2017 6/21/2024 7.00-10.00 170,000,000 170,000,000
Premier Bank Subordinated Bond 1 200,000,000 8/23/2017 8/23/2024 7.00-10.50 200,000,000 200,000,000
Standard Bank Subordinated Bond II 1 300,000,000 9/17/2017 9/17/2024 MTDR+Margin 2.00% 300,000,000 300,000,000
Islami Bank Mudaraba Subordinated Bond-I 1 600,000,000 9/26/2017 9/26/2024 7.50-10.50 600,000,000 600,000,000
Pubali Bank Ltd. Floating Rate Subordinated Bond-I 1 600,000,000 12/20/2017 12/20/2024 7.00-10.50 600,000,000 600,000,000
National Bank 2nd Subordinated Bond 1 150,000,000 12/21/2017 12/21/2024 MTDR+Margin 1.25% 150,000,000 150,000,000
FSIBL 2nd Subordinated Bond 1 180,000,000 12/27/2017 12/27/2024 7.00-10.50 180,000,000 180,000,000
UCBL 3rd Subordinated Bond 1 180,000,000 12/28/2017 12/28/2024 7.00-10.50 180,000,000 180,000,000
NCC Bank Non-Convertible Subordinated Bond 1 400,000,000 5/16/2018 5/16/2025 7.00-10.00 400,000,000 400,000,000
Rupali Bank Subordinated Bond 1 1,600,000,000 6/12/2018 6/12/2025 7.00-10.50 1,600,000,000 1,600,000,000
Jamuna Bank Subordinated Bond 1 400,000,000 7/5/2018 7/5/2025 7.00-10.50 400,000,000 400,000,000
Mercantile Bank Subordinated Bond 1 800,000,000 7/25/2018 7/25/2025 7.00-10.50 800,000,000 800,000,000
Southeast Bank Subordinated Bond III 1 1,200,000,000 8/12/2018 8/12/2025 7.00-10.50 1,200,000,000 1,200,000,000
Dhaka Bank Floating Rate Dated Subordinated Bond III 1 1,200,000,000 8/12/2018 8/12/2025 7.00-10.50 1,200,000,000 1,200,000,000
Prime Bank Subordinated Bond-III 1 1,600,000,000 8/12/2018 8/12/2025 7.00-10.50 1,600,000,000 1,600,000,000
The Farmers Bank Subordinated Bond 1 1,000,000,000 8/30/2018 8/30/2025 Reference Rate x 1.25 1,000,000,000 1,000,000,000
Al Arafah Islami Bank Mudaraba Sub. Bond-II 1 800,000,000 10/30/2018 10/30/2025 9.00 800,000,000 800,000,000
ICB Subordinated Bond 1 5,600,000,000 11/6/2018 11/6/2025 7.00-9.00 5,600,000,000 5,600,000,000
City Bank Ltd. 3rd Subordinated Bond 1 800,000,000 12/6/2018 12/6/2025 7.00-9.00 800,000,000 800,000,000
Trust Bank Ltd. Floating Rate Dated Subordinated Bond 1 1,600,000,000 12/19/2018 12/19/2025 MTDR+Additional 2% 1,600,000,000 1,600,000,000
Shahjalal Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond 1 2,000,000,000 12/19/2018 12/19/2025 MTDR+Margin 2% 2,000,000,000 2,000,000,000
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond-II 1 2,400,000,000 12/24/2018 12/24/2025 7.00-9.00 2,400,000,000 2,400,000,000
UCB 4TH Floating Rate Dated Subordinated Bond 1 2,000,000,000 12/26/2018 12/26/2025 7.00-9.00 2,000,000,000 2,000,000,000
DBBL 2nd Floating Rate Dated Subordinated Bond-II 1 1,600,000,000 12/27/2018 12/27/2025 MTDR+Additional 2% 1,600,000,000 1,600,000,000
SIBL 3rd Floating Rate Dated Subordinated Bond 1 2,000,000,000 12/27/2018 12/27/2025 MTDR+Additional 1.75% 2,000,000,000 2,000,000,000
FSIBL 3rd Mudaraba Subordinated Bond 1 300,000,000 3/28/2019 3/28/2026 8.50-10.50 300,000,000 300,000,000
Ashuganj Power Station Company Ltd. 1 1,000,000,000 4/30/2019 4/30/2026 7.50-10.50 1,000,000,000 1,000,000,000
EBL 2nd Floating Rate Non-convertible Sub. Bond 1 1,500,000,000 6/17/2019 6/17/2026 10.00 1,500,000,000 1,500,000,000
BEXIMCO Communications Ltd. Corporate Bond-2019 1 1,000,000,000 7/28/2019 7/28/2029 10.00 1,000,000,000 1,000,000,000
Rangpur Metal Industries Ltd. Fixed Rate Zero Coupon Bond 1 216,865,319 7/30/2019 7/30/2024 7.50-11.00 216,865,319 216,865,319
IPDC Finance Ltd.Tier II Subordinated Bond 1 240,000,000 7/31/2019 7/31/2025 10 240,000,000 240,000,000
BEXIMCO Communications Ltd. Corporate Bond-2019 1 3,500,000,000 9/17/2019 9/17/2029 7.50-10.50 3,500,000,000 3,500,000,000
EBL 2nd Floating Rate Non-convertible Sub. Bond 1 750,000,000 11/14/2019 11/14/2026 7.50-10.50 750,000,000 750,000,000
Bank Asia Ltd Floating Rate Dated Sub. Bond-III 1 2,500,000,000 11/25/2019 11/25/2026 MTDR+Margin 2% 2,500,000,000 2,500,000,000
EXIM Bank Ltd. Floating Rate Dated Sub. Bond-II 1 2,750,000,000 12/5/2019 12/5/2026 MTDR+Additional 1.75% 2,750,000,000 2,750,000,000
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond-III 1 2,000,000,000 12/10/2019 12/10/2026 7.00-10.00 2,000,000,000 2,000,000,000
The Premier Bank Ltd. Sub. Bond-2019 1 500,000,000 12/22/2019 12/22/2026 7.50-10.00 500,000,000 500,000,000
Pubali Floating Rate Dated Non-convertible Sub. Bond-II(1st tranche) 1 3,000,000,000 12/22/2019 12/22/2026 10 3,000,000,000 3,000,000,000
BHL 25% Convertible Secured Bond 1 1,250,000,000 10/18/2018 10/18/2026 7.00-10.00 1,250,000,000 1,250,000,000
MTB 4TH Subordinated Bond 1 500,000,000 3/4/2020 3/4/2027 7.50-10.00 500,000,000 500,000,000
Pubali Floating Rate Dated Non-convertible Sub. Bond-III (2nd tranche) 1 1,000,000,000 8/18/2020 8/18/2027 7.00-10.50 1,000,000,000 1,000,000,000
Standard Bank 3rd Sub. Bond 1 1,000,000,000 9/14/2020 9/14/2027 Reference Rate + 2% 1,000,000,000 1,000,000,000
Al Arafah Bank Ltd Sub Bond 3rd 1 2,000,000,000 10/25/2020 10/25/2027 7.50-11.00 2,000,000,000 2,000,000,000
Islamic Finance and Investment Ltd 1 200,000,000 11/12/2020 11/12/2027 7.00-10.50 200,000,000 200,000,000
Southeast Bank Ltd N C Floating sub bond 1 1,250,000,000 12/10/2020 12/10/2027 7.00-10.50 1,250,000,000 1,250,000,000
Dutch Bangla Bank Floating Rate 3rd sub bond 1 500,000,000 12/15/2020 12/15/2027 Reference Rate + 2% 500,000,000 500,000,000
Islami Bank Ltd. Mudaraba Floating Rate Dated Subordinated Bond-III(2nd tranche) 1 1,500,000,000 12/15/2020 12/15/2027 7.00-10.50 1,500,000,000 1,500,000,000
AB Bank Ltd Subordinate Bond IV 1 750,000,000 12/21/2020 12/21/2027 7.00-10.50 750,000,000 750,000,000
Trust Bank Ltd. Floating Rate Subordinated Bond 1 2,000,000,000 12/29/2020 12/29/2027 7.00-10.50 2,000,000,000 2,000,000,000
EXIM Bank Ltd. Floating Rate Subordinated Bond-IV 1 2,500,000,000 6/16/2021 6/16/2027 7.00-10.50 2,500,000,000 2,500,000,000
IFIC Bank Floating non convertible Subordinated Bond 1 1,500,000,000 9/14/2021 9/14/2028 7.00-10.50 1,500,000,000 1,500,000,000
PRAN Agro Ltd. Green Coupon Bearing Bond 1 500,000,000 11/30/2021 11/30/2028 7.00-10.50 500,000,000 500,000,000
BEXIMCO Green Sukuk Bond 1 1,500,000,000 12/15/2021 12/15/2028 7.00-10.50 1,500,000,000 1,500,000,000
NRB Commercial Bank Ltd 1 500,000,000 12/26/2021 12/26/2028 7.00-10.50 500,000,000 500,000,000
Southeast Bank Subordinated Bond-V 1 2,000,000,000 12/29/2021 12/29/2028 7.00-10.50 2,000,000,000 2,000,000,000
Total Other Bond (Un-Approved) 71,016,865,319 71,016,865,319 71,016,865,319

Agrani Bank Limited
ANNEXURE - B.4
A.(i) Disclosure regarding outstanding Repo as on 31 December 2021 Amount in BDT
Amount
Agreement Reversal
Sl. No. Counter party name (1st leg cash con-
Date Date
sideration)
1 Nil
Total -
A.(ii) Disclosure regarding outstanding Reverse Repo as on 31 December 2021

Amount
Agreement Reversal
Sl. No. Counter party name (1st leg cash con-
Date Date
sideration)
1 SBACBANK 12/29/2021 1/5/2022 847,542,750
2 SBACBANK 12/29/2021 1/5/2022 200,342,974
3 SBACBANK 12/29/2021 1/5/2022 39,157,969
4 SBACBANK 12/29/2021 1/5/2022 411,470,460
Total 1,498,514,153
B. Disclosure regarding overall transaction of Repo and Reverse Repo:

Minimum Maximum Daily average
outstanding during outstanding outstanding
the year during the year during the year
Securities sold under repo
i) With Bangladesh Bank - - -
ii) With Other Banks & Financial Institutions 940,660,698 6,951,088,237 2,985,648,417
Securities purchased under reverse repo
i) With Bangladesh Bank - - -
ii) With Other Banks & Financial Institutions 338,817,863 38,062,916,474 11,525,637,327

Agrani Bank Limited
Share - Quoted
ANNEXURE - C (1)
A. Share - Quoted Amount in BDT
Average Market Rate Unrealised Provision
Particulars/ No. of Par Total Market Value
cost as at Capital
Name of Companies Shares Value Book Value as at 31-12-21
per share 31-12-21 Gain/(Loss) Required
Banks
AB Bank Ltd 76,626 10 59.18 4,535,049 13.50 1,034,451 (3,500,598) 3,500,598
City Bank Ltd. 2,447,191 10 41.70 102,047,728 27.30 66,808,314 (35,239,414) 35,239,414
Exim Bank Ltd. 10,677,772 10 16.18 172,727,180 12.70 135,607,704 (37,119,476) 37,119,476
Southeast Bank Ltd. 4,871,527 10 30.12 146,735,679 15.50 75,508,669 (71,227,011) 71,227,011
Uttara Bank Ltd. 4,589,710 10 28.06 128,809,331 25.50 117,037,605 (11,771,726) 11,771,726
NBFI
BAY Leasing 329,719 10 70.46 23,232,160 31.00 10,221,289 (13,010,871) 13,010,871
PLFSL 136,360 10 50.85 6,934,276 3.00 409,080 (6,525,196) 6,525,196
United Finance 473,757 10 45.95 21,769,543 21.10 9,996,273 (11,773,270) 11,773,270
Insurance
Pragati Insurance Ltd. 201,575 10 102.02 20,564,219 91.50 18,444,113 (2,120,107) 2,120,107
Fuel & Power
DESCO 282,560 10 85.93 24,280,276 35.50 10,030,880 (14,249,396) 14,249,396
MJLBD 1,076,916 10 108.87 117,239,907 88.30 95,091,683 (22,148,224) 22,148,224
Meghna Petroleum 42,000 10 209.79 8,811,089 196.80 8,265,600 (545,489) 545,489
Padma Oil 560,173 10 365.58 204,787,797 212.50 119,036,763 (85,751,035) 85,751,035
Power Grid Ltd 4,744,433 10 88.61 420,399,092 59.60 282,768,207 (137,630,885) 137,630,885
Summit Power Ltd 9,305,240 10 60.84 566,151,063 38.90 361,973,836 (204,177,227) 204,177,227
Titas Gas Ltd 2,150,162 10 100.71 216,536,187 36.30 78,050,881 (138,485,306) 138,485,306
Pharmaceutical
ACI 10,084 10 264.39 2,666,113 285.40 2,877,974 211,861 (211,861)
ORION Pharma 1,387,163 10 89.75 124,500,061 91.30 126,647,982 2,147,921 (2,147,921)
Square Pharma 1,517,028 10 246.87 374,506,932 214.30 325,099,100 (49,407,832) 49,407,832
Engineering
Atlas Bangla 80,218 10 203.18 16,298,815 125.70 10,083,403 (6,215,412) 6,215,412
BSRM Steel 284,130 10 173.16 49,200,562 71.10 20,201,643 (28,998,919) 28,998,919
RSRM Steel 1,442,889 10 31.57 45,547,518 23.10 33,330,736 (12,216,782) 12,216,782
S Alam CRST 863,000 10 72.62 62,674,896 25.20 21,747,600 (40,927,296) 40,927,296
SS Steel 1,200,000 10 25.52 30,627,540 18.90 22,680,000 (7,947,540) 7,947,540
Spinning & Textile
Malek Spinning 306,130 10 52.04 15,931,680 26.10 7,989,993 (7,941,687) 7,941,687
Square Textile Mills Ltd 352,099 10 64.45 22,692,863 52.00 18,309,148 (4,383,715) 4,383,715
Zaheen Spin 406,563 10 17.41 7,078,480 8.60 3,496,442 (3,582,038) 3,582,038
Cement
Aramit Cement 174,240 10 78.58 13,692,550 38.10 6,638,544 (7,054,006) 7,054,006
Confidence Cement 667,179 10 157.71 105,222,105 121.90 81,329,120 (23,892,985) 23,892,985
Mutual Funds
EBL NRB MF 4,146,652 10 7.63 31,642,176 6.00 24,879,912 (6,762,264) 6,762,264
ICB AMCL 1st Agrani Bank Ltd. 50,000,000 10 10.00 500,000,000 9.90 495,000,000 (5,000,000) 5,000,000
Popular Life 1st M F 2,300,000 10 6.15 14,152,075 5.60 12,880,000 (1,272,075) 1,272,075
Trust Bank MF 364,853 10 6.68 2,438,864 5.60 2,043,177 (395,687) 395,687
Vanguard AML BD 8,194,550 10 10.00 81,945,500 7.60 62,278,580 (19,666,920) 19,666,920
Vanguard AML RD 20,000,000 10 10.00 200,000,000 8.40 168,000,000 (32,000,000) 32,000,000
Miscellaneous
Aamra Net 3,875,439 10 60.81 235,677,734 43.20 167,418,965 (68,258,769) 68,258,769
GHAIL 9,254,681 10 23.58 218,219,065 16.50 152,702,237 (65,516,829) 65,516,829
Shurid Industries 3,571,615 10 25.64 91,577,951 17.80 63,574,747 (28,003,204) 28,003,204
Non-Trading Shares
B.D. Luggage Ltd 600 100 8.00 4,800 8.00 4,800 - -
B.C. I Ltd 1,230 100 15.25 18,756 15.25 18,758 - -
Bangladesh Shipping Corp. 10,770 100 171.42 1,846,247 71.90 774,363 (1,071,884) 1,071,884
Dacca Dying & Manf.Co.(Lock-in) 71,280 10 7.00 498,750 24.10 1,717,848 1,219,098 (1,219,098)
Investment Corporation of Bangladesh 40,451,071 10 15.59 630,580,970 15.59 630,580,970 - -
Padma Printers & Colors 28,484 10 3.40 96,846 3.40 96,846 - -
Phoenix leather Complex Ltd 599 100 100.00 59,900 100.00 59,900 - -
Special Fund
Berger Paints 54,643 10 1,851.21 101,155,471
Eastland insurance 334,520 10 43.80 14,650,916
National Polymer 1,000,000 10 66.60 66,600,900
Popular life Insurance 612,812 10 97.72 59,884,591 Revaluation is not required according
Pragati Insurance 676,896 10 94.75 64,135,751 to the Bangladesh Bank Circular.
Square Pharma Ltd. 227,412 10 229.48 52,185,658
Exim Bank 500,000 10 12.43 6,215,589
Wata Chemical 186,764 10 330.88 61,796,255
Total Quoted Shares (A) 196,521,315 5,491,585,456 3,852,748,131 (1,212,212,195) 1,212,212,195

Agrani Bank Limited
Share - Un Quoted
ANNEXURE - C (2)
B. Share - Unquoted Amount in BDT
Average Market Market Unrealised
No. of Par Total Provision
Name of Companies cost Rate as at Value as at Capital
Shares Value Book Value Required
per share 31-12-21 31-12-21 Gain/(Loss)
A.B. Biscuit Co. Ltd 378 100 100.00 37,800 - - (37,800) 37,800
Adamjee Jute Mills Ltd 30,000 10 8.16 244,800 - - (244,800) 244,800
Eastern Mercantile Bank Ltd 10,000 10 10.00 100,000 - - (100,000) 100,000
Karnafuly Rayan Chemicals 600 10 10.00 6,000 - - (6,000) 6,000
National Oxyzen Ltd 1,986 100 100.00 198,600 - - (198,600) 198,600
Paper Converting & Pacg . 1,478 100 100.00 147,800 - - (147,800) 147,800
Specialised Jute Manf. Co. Ltd. 33,790 10 10.00 337,900 - - (337,900) 337,900
Swan Textile Mills Ltd 1,000 100 100.00 100,000 - - (100,000) 100,000
Best Holdings Ltd. 57,692,307 10 65.00 3,750,000,000 55.01 3,173,653,808 (576,346,192) 576,346,192
B. Commerce Bank Ltd 900,000 100 100.00 90,000,000 (110.27) - (90,000,000) 90,000,000
Swift share 9 181,069 181,069.44 1,629,625 513,510.69 4,621,596 - -
DRS 500,000 10 10.00 5,000,000 10.00 5,000,000 - -
CCBL 3,750,000 10 10.00 37,500,000 10.00 37,500,000 - -
CDBL 8,567,705 10 2.75 23,541,640 37.27 319,318,365 - -
Capitec Popular 3,750,000 10 10.00 37,500,000 12.01 45,037,500 - -
Shanta First 3,015,000 10 9.95 29,999,250 10.26 30,933,900 - -
Bangladesh Fund 20,000,000 100 100.00 2,000,000,000 98.80 1,976,000,000 (24,000,000) 24,000,000
Financial Excellence Ltd. 30,000 100 100.00 3,000,000 23.50 705,000 (2,295,000) 2,295,000
Padma Bank Ltd. 165,000,000 10 10.00 1,650,000,000 2.98 491,700,000 (1,158,300,000) 1,158,300,000
Karma Sangsthan Bank 1,600,000 100 100.00 160,000,000 116.11 185,776,000 - -
Preference Shares
Orion Infrastructure Ph-1 (Pref. Share) 150,000,000 10 10.00 1,500,000,000 10.00 1,500,000,000 - -
Special Fund
Revaluation is not required according
ICB AMCL Shotoborsho Unit Fund 3,000,000 10 10.00 30,000,000 to the Bangladesh Bank Circular.
Total Un-quoted share (B)* 417,884,253 9,319,343,415 7,770,246,169 (1,852,114,092) 1,852,114,092
GRAND TOTAL (A+B) 614,405,568 14,810,928,871 11,622,994,300 (3,064,326,287) 3,064,326,287
* The required provision for unquoted shares based on the individual shares basis not portfolio basis.

Agrani Bank Limited
Debenture
ANNEXURE - D
Amount in BDT
Name of organisation Quantity Amount
Un-approved Debenture
M/S Bawa Jute mills Ltd. 1 1
M/S hotel ilisium 1 1
Rupon Oil & Feeds Ltd. 1 1
Bay-Sodium Chemicals Ltd 1 1
Monir Chemicals Ltd 1 1
Ismail Carpet Mills Ltd 1 1
Mirzabo steel Mills Ltd 1 1
Karnafuly Paper Mills Ltd. 1 1
Karnafuly Rayon & Chemicals Ltd. 1 1
Bangladesh Textile Mills Corporation 1 1
Bangladesh Textile Mills Corporation 1 1
Bangladesh Steel & Engineering Corporation 1 1
Total Debenture 16 16

Agrani Bank Limited
NOSTRO Account (Outside Bangladesh)
ANNEXURE - E.1
Weight-
Currency Conversion Rate
Name of the Bank Amount in FC Amount in USD ed Aver- Amount in BDT
Name per unit FC
age Rate
Nostro Account: Debit Balance
PUBLIC BANK MALAYSIA USD 144,226.20 1.000 144,226.20 85.800 12,374,608
CITY BANK NA, NY USD 86,019,871.65 1.000 86,019,871.65 85.800 7,380,504,988
KOOKMIN BANK, SEUL USD 56,521.53 1.000 56,521.53 85.800 4,849,547
ICICI BANK, HONGKONG USD 514,886.46 1.000 514,886.46 85.800 44,177,258
ZHEJIANG CHOUZHOU BANK USD 257,895.44 1.000 257,895.44 85.800 22,127,429
SONALI BANK LONDON USD 237,299.36 1.000 237,299.36 85.800 20,360,285
COMMERZ EURO EUR 562,593.28 1.134 638,149.56 85.800 54,753,232
SCB, FRANKFURT, GERMANY EUR 1,549,322.83 1.134 1,757,396.89 85.800 150,784,653
CITY BANK NA, LONDON EUR 398,427.55 1.134 451,936.37 85.800 38,776,141
SONALI BANK KOLKATA ACUD 3,803,531.66 1.000 3,803,531.66 85.800 326,343,016
AB BANK, MUMBAI. INDIA ACUD 2,403,809.18 1.000 2,403,809.18 85.800 206,246,828
BANK OF CEYLON, COLOMBO ACUD 414,293.48 1.000 414,293.48 85.800 35,546,381
BANK OF CEYLON, MALDIVES ACUD 5,000.00 1.000 5,000.00 85.800 429,000
SCB NEPAL ACUD 148,600.07 1.000 148,600.07 85.800 12,749,886
SCB MUMBAI, INDIA ACUD 1,245,362.98 1.000 1,245,362.98 85.800 106,852,144
ICICI BANK, MUMBAI, INDIA ACUD 3,161,646.29 1.000 3,161,646.29 85.800 271,269,252
HABIB METROPOLITAN BANK ACUD 532,782.11 1.000 532,782.11 85.800 45,712,705
UNITED BANK OF INDIA ACUD 104,338.78 1.000 104,338.78 85.800 8,952,266
HDFC BANK INDIA ACUD 603,048.86 1.000 603,048.86 85.800 51,741,592
SCB, TOKYO, JAPAN JPY 67,835,805.39 115.020 589,774.00 85.800 50,602,609
SCB MUMBAI, INDIA ACUEUR 3,680.25 1.134 4,174.51 85.800 358,172
UNION BANK OF SWISS CHF 239,767.88 0.918 261,213.51 85.800 22,412,119
SCB SINGAPORE SGD 51,081.68 1.352 37,779.51 85.800 3,241,482
SCB LONDON GBP 6,144.19 1.349 8,287.90 85.800 711,102
SONALI BANK LONDON GBP 19,835.00 1.349 26,755.43 85.800 2,295,616
ZHEJIANG CHOUZHOU BANK CNY 440,800.00 6.369 69,212.41 85.800 5,938,425
BANK OF MONTREAL,TARANTO,CANADA CAD 1,425,709.44 1.290 1,105,286.80 85.800 94,833,607
AL-RAJHI BANKING SAR 66,258.01 3.756 17,642.93 85.800 1,513,763
Total: Debit Balance 104,620,723.86 8,976,458,106
Nostro Account: Credit Balance

DEVELOPMENT BANK OF SINGAPORE SGD 196,167.70 1.352 145,083.72 85.800 12,448,183
SCB NY USD 11,074,233.74 1.000 11,074,233.74 85.800 950,169,255
MASHREQUE BANK NY USD 4,043,609.57 1.000 4,043,609.57 85.800 346,941,701
BOT, TOKYO,JAPAN JPY 1,013,555.01 115.020 8,811.99 85.800 756,069
MASHREQUE BANK UAE AED 21,636.31 3.674 5,889.84 85.800 505,348
UNICREDITO ITALIA EUR 79,155.87 1.134 89,786.50 85.800 7,703,682
Total: Credit Balance 15,367,415.36 1,318,524,238
Balance with Bangladesh Bank Foreign Currency: ANNEXURE - E.2

Nostro Account Debit
BANGLADESH BANK GBP 17,143.15 1.349 23,124.40 85.800 1,984,073
BANGLADESH BANK USD - - - - -
BANGLADESH BANK EUR 59,373.03 1.134 67,346.83 85.800 5,778,358
BANGLADESH BANK JPY 2,110,849.40 115.020 18,352.02 85.800 1,574,603
Total Debit Balance 108,823.24 9,337,034
Nostro Account Credit

BANGLADESH BANK USD 37,524,241.09 1.000 37,524,241.09 85.800 3,219,579,886
Total Credit Balance 37,524,241.09 3,219,579,886

Agrani Bank Limited
Advance Tax and Provision for Taxation
ANNEXURE - F
Amount in BDT
Assessed Tax Revised Tax Excess/(short) Payment of

Income Assessment Tax Provision
Assessment status liabilities (As per liabilities (Lat- Provision after Advance Tax
Year Year as per account
DCT 1st Order) est Position) Tax Assessed (TDS)
1 2 3 4 5 6 7=(3-6) 8
Refundable from 1989

- - - - - 3,101,735,796
to 2004 (except 2002)
2002 2003-04 10,000,000 Ref.case submitted in High Court Div. 75,088,642 (435,493,264) 445,493,264 510,581,907
2005 2006-07 35,517,653 Ref.case submitted in High Court Div. (188,727,034) (224,697,050) 260,214,703 224,697,050
2006 2007-08 930,815,389 Ref.case submitted in High Court Div. 1,076,734,458 (1,435,130) 932,250,519 239,419,933
2007 2008-09 - Finalized 1,484,643,150 (297,229,591) 297,229,591 1,020,571,233
2008 2009-10 - Ref.case submitted in High Court Div. 888,628,686 253,835,217 (253,835,217) 125,729,702
2009 2010-11 1,700,000,000 Ref.case submitted in High Court Div. 1,958,977,616 650,117,310 1,049,882,690 84,148,956
2010 2011-12 2,068,600,000 Ref.case submitted in High Court Div. 3,028,401,287 1,136,500,448 932,099,552 177,840,291
2011 2012-13 4,250,000,000 Ref.case submitted in High Court Div. 4,555,637,844 4,087,523,646 162,476,354 95,564,918
2012 2013-14 1,580,000,000 Ref.case submitted in High Court Div. 2,321,177,704 2,288,067,748 (708,067,748) 906,330,684
2013 2014-15 - Ref.case submitted in High Court Div. 4,369,204,016 (248,804,955) 248,804,955 1,337,623,850
2014 2015-16 126,000,000 Ref.case submitted in High Court Div. 3,820,220,576 2,710,299,658 (2,584,299,658) 1,750,952,960
2015 2016-17 131,000,000 Ref.case submitted in High Court Div. 15,319,058,719 1,752,059,956 (1,621,059,956) 1,285,000,143
2016 2017-18 2,322,989,078 Appeal to Commissioner of Taxes 837,715,302 837,715,302 1,485,273,776 2,177,390,893
2017 2018-19 2,682,800,000 Appeal to Commissioner of Taxes 1,740,415,837 1,740,415,837 942,384,163 2,187,959,214
2018 2019-20 3,260,640,205 Return submitted - - 3,260,640,205 2,466,725,871
2021 2022-23 892,183,478 Return not submitted - - 892,183,478 2,518,080,547
Total 23,294,703,252 41,287,176,803 14,248,875,132 9,045,828,120 24,945,456,432

Agrani Bank Limited
Schedule of Fixed Assets
ANNEXURE - G
Amount in BDT
Cost/Revaluation Depreciation
Net book value Net book value

Opening balance Disposal/ Revaluation Total balance Opening balance Adjustment as on as on
Particulars Addition Rate of Charge Total balance as
as on Adjustment during as on as on for 31.12.2021 31.12.2020
during the year depreciation for the year on 31.12.2021
01.01.2021 during the year the year 31.12.2021 01.01.2021 disposal
Taka Taka Taka Taka Taka % Taka Taka Taka Taka Taka Taka
Solo : (Agrani Bank Limited)
Land 13,545,290,268 686,500 (411,111) - 13,545,565,657 0% - - 13,545,565,657 13,545,290,268
Building 1,073,581,784 - (686,500) - 1,072,895,284 2.5% 296,600,905 - 27,416,382 324,017,287 748,877,997 776,980,879
Furniture & Fixture 988,346,721 40,465,445 (1,721,281) - 1,027,090,885 10% 741,002,061 (851,626) 65,281,852 805,432,287 221,658,598 247,344,660
Motor Vehicles 577,191,420 - (9,195,704) - 567,995,716 20% 553,079,607 (9,218,602) 8,022,449 551,883,454 16,112,262 24,111,813
Office Equipment 422,630,777 25,033,564 (633,131) - 447,031,210 20% 356,863,058 (485,456) 32,704,476 389,082,078 57,949,132 65,767,719
Electric Materials 766,022,717 42,382,388 (1,672,947) - 806,732,158 20% 633,172,286 (1,436,673) 42,835,682 674,571,295 132,160,863 132,850,431
Computer 2,654,406,754 85,835,675 (4,083,741) - 2,736,158,688 20% 2,244,491,694 (2,905,246) 118,862,343 2,360,448,791 375,709,897 409,915,060
Library Books 7,892,639 506,822 (38,462) - 8,360,999 10% 3,998,639 (7,557) 321,601 4,312,683 4,048,316 3,894,000
Sub-total : A 20,035,363,080 194,910,394 (18,442,877) - 20,211,830,597 4,829,208,250 (14,905,160) 295,444,785 5,109,747,875 15,102,082,722 15,206,154,830
Lease Asset :
Right-of-use assets 815,707,448 - (72,229,215) - 743,478,233 - 143,707,785 - 84,028,426 227,736,211 515,742,022 671,999,663
Sub-total : B 815,707,448 - (72,229,215) - 743,478,233 - 143,707,785 - 84,028,426 227,736,211 515,742,022 671,999,663
Total : (A+B) 20,851,070,528 194,910,394 (90,672,092) - 20,955,308,830 - 4,972,916,035 (14,905,160) 379,473,211 5,337,484,086 15,617,824,744 15,878,154,493
Consolidated: (Agrani Bank Limited & its subsidiaries)

Agrani Bank Limited 20,851,070,528 194,910,394 (90,672,092) - 20,955,308,830 - 4,972,916,035 (14,905,160) 379,473,211 5,337,484,086 15,617,824,744 15,878,154,493
Agrani Equity & Investment Limited 11,395,909 452,426 - - 11,848,335 - 10,312,328 - 689,762 11,002,090 846,245 1,083,581
Agrani SME Financing Limited 35,907,077 8,954,359 - - 44,861,436 - 29,174,045 - 1,908,721 31,082,766 13,778,670 6,733,032
Agrani Exchange House, Singapore 99,698,971 4,232,799 (264,089) - 103,667,681 - 57,943,040 - 22,410,727 80,353,767 23,313,914 41,755,931
Agrani Remittance House, Malaysia 78,031,533 51,457 (3,471,748) - 74,611,242 - 23,386,107 - 9,758,907 33,145,014 41,466,228 54,645,426
Agrani Remittance House, Canada - - - - - - - - - - - -
Agrani Exchange Company, Australia 178,546 - - - 178,546 - - - - - 178,546 178,546
Total : 21,076,282,564 208,601,435 (94,407,929) - 21,190,476,070 - 5,093,731,555 (14,905,160) 414,241,328 5,493,067,723 15,697,408,347 15,982,551,009
Intangible Asset :
Software Purchase 2,196,960,139 - (88,413) - 2,196,871,726 10% 510,223,155 25,981 219,692,417 729,941,553 1,466,930,173 1,686,736,984
Total Intangible Asset : 2,196,960,139 - (88,413) - 2,196,871,726 510,223,155 25,981 219,692,417 729,941,553 1,466,930,173 1,686,736,984
Agrani Bank Limited
Classification of Financial Instruments as per International Financial Reporting Standard (IFRS-7): Consolidated
ANNEXURE - H
BDT in million
Financial liabilities
Financial liabilities Non-finacial
Loans & Receivable Held to maturity Held to trading Available for sale Non-financial asset measure at amortised
at fair value liabilities
Items cost
Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair
Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value
Cash 8,537 8,537 - - - - - - - - - - - - - -
Balance with Bangladesh Bank and agent Bank 37,277 37,277 - - - - - - - - - - - - - -
Balance with other bank and financial institution 73,905 73,905 - - - - - - - - - - - - - -
Investments 89,262 89,262 183,629 182,164 120,394 120,825 5,492 3,853 - - - - - - - -
Loans and advance 597,819 597,819 - - - - - - - - - - - - - -
Fixed assets - - - - - - - - 16,128 16,128 - - - - - -
Other assets 65,840 65,840 - - - - - - - - - - - - - -
Borrowing from other banks, Financial institution and agents - - - - - - - - - - - - 11,473 11,473 - -
Subordinated debt - - - - - - - - - - - - 4,400 4,400 - -
Deposit and other accounts - - - - - - - - - - - - 1,008,698 1,008,698 - -
Other liabilities - - - - - - - - - - - - 86,644 86,644 46,283 46,283
Total 872,639 872,639 183,629 182,164 120,394 120,825 5,492 3,853 16,128 16,128 - - 1,111,215 1,111,215 46,283 46,283
Classification of Financial Instruments as per International Financial Reporting Standard (IFRS-7): Agrani Bank Limited
BDT in million
Financial liabilities
Financial liabilities Non-finacial
Loans & Receivable Held to maturity Held for trading Available for sale Non-financial asset measure at amortised
at fair value liabilities
Items cost
Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair
Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value
Cash 8,500 8,500 - - - - - - - - - - - - - -
Balance with Bangladesh Bank and agent Bank 37,275 37,275 - - - - - - - - - - - - - -
Balance with other bank and financial institution 73,561 73,561 - - - - - - - - - - - - - -
Investments 80,816 80,816 183,629 182,164 120,394 120,825 5,492 3,853 - - - - - - - -
Loans and advance 597,903 597,903 - - - - - - - - - - - - - -
Fixed assets - - - - - - - - 16,048 16,048 - - - - - -
Other assets 71,391 71,391 - - - - - - - - - - - - - -
Borrowing from other banks, Financial institution and agents - - - - - - - - - - - - 11,455 11,455 - -
Subordinated debt - - - - - - - - - - - - 4,400 4,400 - -
Deposit and other accounts - - - - - - - - - - - - 1,008,644 1,008,644 - -
Other liabilities - - - - - - - - - - - - 86,644 86,644 43,295 43,295
Total 869,446 869,446 183,629 182,164 120,394 120,825 5,492 3,853 16,048 16,048 - - 1,111,143 1,111,143 43,295 43,295

Agrani Bank Limited
Performance Evaluation
For the year ended 2021
ANNEXURE - I
BDT in Crore
Consolidated Bank
Ratio Equation
2021 2020 2021 2020

Interest paid on Deposits 4,265.78 3,139.72 4,153.09 3,003.73
a) Average Cost of Deposits = x 100 = 4.42% x 100 = 3.89% x 100 = 4.31% x 100 = 3.72%
Average Deposit 96,466.72 80,708.33 96,464.93 80,711.67
Interest paid in Borrowings 107.89 119.22 107.89 119.22

b) Average Cost of Borrowing = x 100 = 7.05% x 100 = 7.46% x 100 = 7.06% x 100 = 7.46%
Average Borrowings 1,529.28 1,598.26 1,528.38 1,598.26
c) Interest on Loans 3,092.96 2,543.73 3,075.16 2,542.11

Average Yield on Loans & Advances (performing loan) = x 100 = 6.51% x 100 = 5.98% x 100 = 6.46% x 100 = 5.95%
Performing Loans 47,531.57 42,524.88 47,637.29 42,705.74
Income from Investment 2,417.57 1,807.47 2,340.04 1,775.93

d) Average Yield on Investments = x 100 = 6.87% x 100 = 7.03% x 100 = 6.82% x 100 = 7.16%
Average Investment 35,211.19 25,713.72 34,327.00 24,794.29
Income from Call Loans 38.17 29.19 38.17 29.19

e) Average Yield on Call loans to Bank = x 100 = 2.23% x 100 = 2.46% x 100 = 2.23% x 100 = 2.46%
Average Money At Call 1,711.50 1,186.00 1,711.50 1,186.00
Interest from Balance with

390.32 547.66 390.32 547.66
other Bank
f) Average Yield on Balance with other Banks = x 100 = 6.43% x 100 = 8.55% x 100 = 6.47% x 100 = 8.59%
Average Balance with other
6,069.46 6,408.16 6,036.37 6,377.71
Banks
{(Interest Earned/Interest
g) Net Spread = Earning Assets) - (Interest Paid/ 3.18% 3.03% 3.18% 3.03%
Interest Bearing Liabilities)}
Net Interest Income

h) Net Interest Margin = 1.58% 1.99% 1.50% 1.96%
Gross Earning Assets
i) Contribution of non-interest bearing liabilities = Net Spread - Net Interest Margin 1.60% 1.04% 1.68% 1.07%
Agrani Bank Limited
Summary of Loan Classification and Provisioning
For the year ended 2021
ANNEXURE - J
BDT in Thousand
Balance Outstanding Base for Provision Interest Suspense on
SL. Required Eligible
Categories of Loans Total Unclassified (UC) Classified Defaulted
No. SMA SS DF BL Provision UC SMA Classified Total Securities
Standard SMA SS DF BL
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
1 Continuous Loan (CL-2)
Small and Medium Enterprise Financ-
90,772,195 81,472,198 3,109,174 1,046,599 778,053 4,366,171 6,056,669 3,095,106 307,386 247,501 1,376,776 5,749,402 18,267 15,345 510,980 544,592 100,548,311
ing(SMEF)
Other than SMEF & CF 109,860,921 96,112,252 725,709 1,147,135 64,728 11,811,097 12,358,845 726,218 691,647 9,782 7,080,898 9,506,325 482,336 695 2,265,668 2,748,699 66,327,835
Sub-total ( 1 ) = 200,633,116 177,584,450 3,834,882 2,193,734 842,781 16,177,268 18,415,515 3,821,324 999,034 257,283 8,457,674 15,255,727 500,603 16,040 2,776,648 3,293,291 166,876,146
2 Demand Loans (CL-3)
56,904 56,904 - - - - - - - - - 142 - - - - -
ing(SMEF)
Other than SMEF & CF 35,235,300 19,951,938 1,749,966 243,032 510,706 12,779,657 13,383,586 1,297,699 181,568 465,932 9,895,693 10,377,456 273,496 452,267 2,206,715 2,932,478 6,144,035
Sub-total ( 2 ) = 35,292,204 20,008,842 1,749,966 243,032 510,706 12,779,657 13,383,586 1,297,699 181,568 465,932 9,895,693 10,377,599 273,496 452,267 2,206,715 2,932,478 6,144,035
3 Fixed Term Loan (CL-4)
20,313,191 8,685,055 2,528,354 111,245 601,093 8,387,444 8,482,870 2,251,656 93,972 427,381 4,756,629 4,985,203 472,624 278,066 1,164,290 1,914,980 7,018,228
ing(SMEF)
Consumer Financing (other than
870,684 30,159 1,166 10,927 3,354 825,077 834,349 1,097 9,922 3,019 722,735 726,855 1,715 72 104,250 106,037 1,369
HF&LP)
Housing Finance(HF) 32,419,444 30,730,880 722,639 43,918 14,312 907,695 1,056,698 659,979 18,905 2,147 180,310 499,073 1,624,981 62,659 153,879 1,841,519 30,960,762
Loans for professionals setup busi-
474,825 460,068 1,309 992 144 12,312 13,054 1,312 992 144 1,871 11,369 - - - - 1,162,500
ness (LP)
Others 226,181,018 160,151,658 11,665,193 3,779,934 1,297,191 49,287,043 50,070,848 10,677,780 3,472,111 627,488 25,106,555 52,827,721 9,789,422 995,061 13,834,194 24,618,677 72,900,600
Sub-total ( 3 ) = 280,259,161 200,057,820 14,918,661 3,947,016 1,916,094 59,419,571 60,457,819 13,591,824 3,595,902 1,060,178 30,768,101 59,050,222 11,888,741 1,335,858 15,256,613 28,481,213 112,043,459
4 Short Term Agri. credit and Microcredit(CL-5)
Short Term Agri. credit 18,882,098 17,318,872 - 600,938 278,507 683,782 2,897,225 - 589,868 276,652 668,462 885,100 10,311 - 10,120 20,431 293,936
Microcredit 1,586,151 1,306,170 - 80,455 102,470 97,055 371,906 - 80,198 102,150 91,683 113,862 163 - 5,672 5,835 24,230
Sub-total ( 4 ) = 20,468,249 18,625,042 - 681,393 380,977 780,837 3,269,131 - 670,066 378,801 760,144 998,961 10,475 - 15,792 26,266 318,165
Sub-total (1+2+3+4+5) 536,652,730 416,276,153 20,503,509 7,065,176 3,650,558 89,157,333 95,526,050 18,710,847 5,446,570 2,162,195 49,881,613 85,682,508 12,673,315 1,804,166 20,255,767 34,733,248 285,381,805
Staff Loan 46,596,038 46,596,038 - - - - - - - - - 465,960 - - - - -
Offshore Banking 14,654,083 14,654,083 - - - - - - - 146,541 - - - - -
Intt. suspense at Head Office - - - - - - - - - - - - - 269,568 269,568 -
Grand Total 597,902,850 477,526,274 20,503,509 7,065,176 3,650,558 89,157,333 95,526,050 18,710,847 5,446,570 2,162,195 49,881,613 86,295,010 12,673,315 1,804,166 20,525,335 35,002,816 285,381,805

Agrani Bank Limited
Large Loan Exposure
ANNEXURE - K
Loan sanctioned to any individual or enterprise or any organization of a group amounting to 10% or more of total capital of the
Bank according to Bangladesh Bank circular no. BRPD- 02, dated 16 January 2014 are as follows:
BDT in crore
SL No Particular Funded Non-funded Total Status of Loan
1 Orion Group 1,096.19 1,002.86 2,099.05 UC
2 Unique Group 338.75 1,265.67 1,604.42 UC
3 A A Knit Spin Ltd. 717.94 543.36 1,261.30 UC
4 Zakia Group 880.57 217.26 1,097.83 UC
5 Joj Bhuiya Group 833.11 96.38 929.49 UC
6 Bangladesh Services Limited 889.50 11.22 900.72 UC
7 Tharmax Group 393.45 376.13 769.58 UC
8 Tanaka Group 736.42 0.58 737.00 UC
9 Magpie Group 619.23 111.41 730.64 UC
10 Nice Spun Mills Ltd. 607.47 75.67 683.14 UC
11 Bangladesh Power Development Board - 662.17 662.17 UC
12 Pacific Group 413.52 244.98 658.50 UC
13 Jamuna Group 526.94 103.07 630.01 UC
14 Prime Group 557.90 50.26 608.16 UC
15 Dhaka Hyde & Skins Limited 540.94 25.80 566.74 UC
16 Northwest Power Generation - 553.39 553.39 UC
17 Paramount Btrac Energy Ltd. - 531.47 531.47 UC
18 Noman Group 398.37 128.68 527.05 UC
19 Moon Group 521.17 - 521.17 UC
20 Bashundhara Group 494.70 20.00 514.70 UC
21 BSRM Steel 161.09 350.31 511.40 UC
22 Noman Weaving Mills Ltd. 458.88 52.15 511.03 UC
23 Beximco Group 509.55 - 509.55 UC
24 Sonali Group 481.13 22.85 503.98 UC
25 Bangladesh Sugar & Food Organisation 490.09 - 490.09 UC
26 RPCL 338.14 129.27 467.41 UC
27 Bangladesh Petroleum Corporation - 440.38 440.38 UC
28 Sikder Group 437.70 2.36 440.06 UC
29 Agrani Equity Investment Ltd. 401.18 - 401.18 UC
30 Aristocrat Group 394.60 - 394.60 UC-1.04 & SMA-8.53 BL-385.03
31 Nitol Motors Ltd. 331.57 12.03 343.60 UC
32 Abdul Momen Ltd. 309.80 - 309.80 UC
33 Labib Group 288.17 12.95 301.12 UC
34 Pran RFL Group 233.94 59.00 292.94 UC
35 Shad Musa Fabrics Ltd. 285.55 - 285.55 UC
36 City Group 205.41 79.09 284.50 UC
Total 15,892.97 7,180.75 23,073.72

Agrani Bank Limited
Loan Concentration
ANNEXURE - L
BDT in crore
Branch Name Amount % of Total Loans & Advances
Principal Branch, Dhaka 19,298.79 32.28%
Foreign Exchange Corporate Branch, Dhaka 2,773.34 4.64%
Amin Court Corporate Branch, Dhaka 1,852.66 3.10%
Bangabandhu Avenue Corporate Branch, Dhaka 1,707.04 2.86%
Gulshan Corporate Branch, Dhaka 1,648.16 2.76%
Wasa Corporate Branch, Dhaka 1,581.72 2.65%
Offshore Banking Unit 1,465.41 2.45%
Ramna Corporate Branch, Dhaka 1,394.00 2.33%
Hotel Sheraton Corporate Branch, Dhaka 1,374.33 2.30%
Laldighi East Corporate Branch, Chattogram 694.29 1.16%
Clay Road Corporate Branch, Khulna 689.21 1.15%
Sir Iqbal Road Corporate Branch, Khulna 516.55 0.86%
Commercial Area Corporate Branch, Chattogram 474.70 0.79%
Rajshahi University Branch, Rajshahi 384.08 0.64%
Moulvi Bazar Corporate Branch, Dhaka 382.06 0.64%
Mohakhali Corporate Branch, Dhaka 357.89 0.60%
Laldighir Par Corporate Branch, Sylhet 354.39 0.59%
Green Road Corporate Branch, Dhaka 313.53 0.52%
Banani Corporate Branch, Dhaka 301.65 0.50%
New Market Corporate Branch, Chattogram 301.30 0.50%
Rest of branches 21,925.19 36.67%
Total 59,790.29 100.00%

Agrani Bank Limited
Nostro Reconciliation
ANNEXURE - M
2021 2020
Particular As per local book (GL) As per correspondents book As per local book (GL) As per correspondents book
Debit (USD) Credit (USD) Debit (USD) Credit (USD) Debit (USD) Credit (USD) Debit (USD) Credit (USD)

Less than one month 4,503,689.92 8,865,831.08 158,939,646.13 84,719,806.77 1,807,872.01 12,524,090.76 205,928,597.32 109,138,360.59
More than one month but less than three months - 10,644,158.22 - 55,463,960.46 - 42,886,000.14 - 63,936,864.45
More than three months but less than six months - - - - - - - -
More than six months but less than nine months - - - - - - - -
More than nine months but less than twelve months - - - - - - - -
More than twelve months - - - - - - - -
Total 4,503,689.92 19,509,989.30 158,939,646.13 140,183,767.23 1,807,872.01 55,410,090.90 205,928,597.32 173,075,225.04
The Bank is not required to keep provision regarding the unreconciled debit balance as at balance sheet date since there was no debit entry aging more than three months.
Agrani Bank Limited
Segment Reporting
ANNEXURE - N
A. Banking operations comprising of branches of the banking entity
Agrani Bank Limited Total

Particulars
Chit-
Dhaka Khulna Rajshahi Barisal Sylhet Rangpur Mymensing Comilla Faridpur
tagong
Number of Branches 161 78 140 144 62 61 66 93 114 43 962
B. Domestic operations in line with geographical segments BDT in crore
Agrani Bank Limited Subsidiaries Grand

Particulars Total Deduction
Dhaka Chittagong Khulna Rajshahi Barisal Sylhet Rangpur Mymensing Comilla Faridpur AEIL ASMEFCL AEHPL ARHSB ARHCI Total
Interest income 2,336.56 87.14 280.24 199.22 73.90 49.03 163.62 173.64 83.88 56.41 3,503.64 10.19 33.40 - 0.12 - 25.91 3,573.27
Interest paid on deposits, borrowings etc. (2,639.64) (478.31) (211.52) (157.84) (63.75) (110.02) (92.74) (185.12) (248.82) (77.91) (4,265.67) (21.35) (4.68) - - - (25.91) (4,265.78)
Net interest income (303.08) (391.17) 68.72 41.38 10.16 (60.99) 70.88 (11.48) (164.94) (21.51) (762.02) (11.16) 28.72 - 0.12 - - (744.34)
Investment income 2,340.04 - - - - - - - - - 2,340.04 77.53 - - - - - 2,417.57
Commission, exchange earnings and brokerage 584.86 13.21 22.61 12.69 2.13 3.76 13.26 11.25 6.90 2.85 673.52 9.24 - 7.86 1.61 - - 692.23
Other operating income 69.66 8.64 11.28 12.25 4.09 4.15 5.97 15.25 9.77 3.90 144.96 0.41 0.65 3.83 1.30 - - 151.17
Total operating income 2,691.48 (369.32) 102.61 66.32 16.38 (53.08) 90.11 15.02 (148.27) (14.75) 2,396.50 76.02 29.38 11.69 3.04 - - 2,516.63
Allocated expenses (930.98) (93.64) (156.13) (140.52) (57.41) (49.59) (87.21) (97.04) (90.44) (45.40) (1,748.37) (3.03) (12.22) (9.68) (3.81) (0.06) - (1,777.17)
Branch Interest Income 2,619.27 521.81 195.05 150.20 67.25 129.31 38.83 180.59 352.87 97.10 4,352.29 - - - - - - 4,352.29
Branch Interest Expenses (4,223.87) (18.79) (53.63) (16.05) (6.57) (5.09) (14.42) (4.38) (1.02) (8.46) (4,352.29) - - - - - - (4,352.29)
Operating profit (loss) 155.90 40.06 87.90 59.95 19.65 21.55 27.32 94.19 113.14 28.49 648.13 73.00 17.15 2.02 (0.78) (0.06) - 739.46
Operating profit (loss) as % 21.08% 5.42% 11.89% 8.11% 2.66% 2.91% 3.69% 12.74% 15.30% 3.85% 87.65% 9.87% 2.32% 0.27% -0.10% -0.01% 0.00% 100.00%
C. Treasury operations comprising of the banking entity BDT in crore

Consolidated Bank
Nature of operation
Amount % Amount %
Operating income from banking operation 99.06 3.94% 56.46 2.36%
Operating income from investment operation 2,417.57 96.06% 2,340.04 97.64%
Total Operating Income 2,516.63 100.00% 2,396.50 100.00%

Agrani Bank Limited
Correction of prior year errors
for the year ended 31 December 2021
ANNEXURE - O
Balance Sheet (Consolidated)
As at 01 January 2020 Amount in BDT
Impact of correction of errors
Particulars
As previously reported Adjustments As restated
Total assets 856,463,192,299 - 856,463,192,299
Other liabilities 105,886,375,263 500,000,000 106,386,375,263

Other 710,782,699,901 - 710,782,699,901
Total liabilities 816,669,075,164 500,000,000 817,169,075,164
Retained surplus/(deficit) (3,011,951,864) (500,000,000) (3,511,951,864)

Other 42,806,068,999 - 42,806,068,999
Total shareholders' equity 39,794,117,135 (500,000,000) 39,294,117,135
Total Liabilities and

856,463,192,299 - 856,463,192,299
Shareholders' Equity
Particulars
Total assets 1,095,506,078,839 - 1,095,506,078,839
Other liabilities 118,576,130,541 1,268,393,279 119,844,523,820

Other 935,349,025,361 - 935,349,025,361
Total liabilities 1,053,925,155,902 1,268,393,279 1,055,193,549,181

Reserve 21,653,502,139 (620,735,063) 21,032,767,076
Other 22,790,762,662 - 22,790,762,662
Total shareholders' equity 41,580,922,937 (1,268,393,279) 40,312,529,658

1,095,s506,078,839 - 1,095,506,078,839
Profit and Loss Account (Consolidated)

Particulars
Commission, exchange
6,084,148,753 (808,235,830) 5,275,912,923
earnings and brokerage
Other 19,442,794,346 - 19,442,794,346
Total operating income 25,526,943,099 (808,235,830) 24,718,707,269
Total operating expenses 17,853,293,007 - 17,853,293,007
Total provision 4,345,127,805 - 4,345,127,805
Provision for tax 2,593,897,308 (39,842,551) 2,554,054,757
Net profit/(loss) after Tax 734,624,979 (768,393,279) (33,768,300)

Agrani Bank Limited
Balance Sheet (Solo)

As at 01 January 2020 Amount in BDT
Amount in BDT
Total assets 853,931,297,504 - 853,931,297,504
Other liabilities 100,668,949,332 500,000,000 101,168,949,332
Other 710,831,032,569 - 710,831,032,569
Total liabilities 811,499,981,901 500,000,000 811,999,981,901
Retained surplus/(deficit) (223,129,666) (500,000,000) (723,129,666)
Other 42,654,445,269 - 42,654,445,269
Total shareholders' equity 42,431,315,603 (500,000,000) 41,931,315,603
853,931,297,504 - 853,931,297,504
Amount in BDT
Total assets 1,093,095,593,003 1,093,095,593,003
Other liabilities 115,659,176,517 1,268,393,279 116,927,569,796

Other 935,367,474,517 - 935,367,474,517
Total liabilities 1,051,026,651,034 1,268,393,279 1,052,295,044,313

Reserve 21,523,624,272 (620,735,063) 20,902,889,209
Other 22,746,680,874 - 22,746,680,874
Total shareholders' equity 42,068,941,969 (1,268,393,279) 40,800,548,690
1,093,095,593,003 - 1,093,095,593,003
Profit and Loss Account (Solo)

Particulars
Commission, exchange earnings
5,976, 268,514 (808,235,830) 5,168,032,684
and brokerage
Other 19,035,419,034 - 19,035,419,034
Total operating income 25,011,687,548 (808,235,830) 24,203,451,718
Total operating expenses 17,581,381,173 - 17,581,381,173
Total provision 4,326,631,059 - 4,326,631,059
Provision for tax 2,475,912,019 (39,842,551) 2,436,069,468
Net profit/(loss) after Tax 627,763,297 (768,393,279) (140,629,982)

Agrani Bank Limited
Earnings per share (Consolidated)
As previously reported
Profit attributable to the shareholders of ABL & its subsidiaries for the year (A) 734,624,979
Weighted average number of ordinary shares outstanding (B) 207,229,404
Earnings per share (A/B) 3.54
Adjusted EPS
Profit attributable to the shareholders of ABL & its subsidiaries for the year (A) (33,768,300)
Earnings per share (A/B) (0.16)
Earnings per share (Solo)
As previously reported
Profit attributable to the shareholders of ABL for the year (A)
627,763,297
Weighted average number of ordinary shares outstanding (B)
Earnings per share (A/B) 207,229,404
3.03
Adjusted EPS
Profit attributable to the shareholders of ABL for the year (A) (140,629,982)
Earnings per share (A/B) (0.68)

Islamic Banking Unit
Balance Sheet
ANNEXURE - P.1
Amount in BDT
Notes 2021 2020
PROPERTY AND ASSETS

Cash 1 195,590,237 146,049,557
Cash in hand (including foreign currencies) 6,583,851 6,510,818
Balance with Bangladesh Bank and its agent banks(including foreign 189,006,386 139,538,739
currencies)
Balance with other banks and financial institutions 2 248,858,501 276,309,879

In Bangladesh 248,858,501 276,309,879
Outside Bangladesh - -
Placement with other banks and financial institutions 3 9,682,339,002 6,626,337,730
Investments in Share & Securities 4 561,530,000 185,000,000

Governments 561,530,000 185,000,000
Others - -
General Investments 2,664,566,674 2,160,919,779

General Investment etc 5 2,664,566,674 2,160,919,779
Bills purchased and discounted 6 - -
Fixed assets including premises 7 1,227,315 960,962

Other assets 8 89,864,490 76,754,412
Non-banking assets - -
Total assets 13,443,976,219 9,472,332,319

LIABILITIES
Borrowing & Placement from other banks, financial institutions and 9 583,462,776 610,428,761
agents
Deposits and other accounts 10 11,700,384,877 7,958,611,116
Al-wadeeah currents deposits and other deposits 44,916,589 27,408,774
Bills payable 2,302,114 5,365,213
Mudaraba savings deposits 230,078,485 182,170,591
Mudaraba term deposits 11,192,827,157 7,594,949,180
Other Mudaraba deposits 230,260,532 148,717,358
Other Liabilities 11 1,160,128,565 903,292,441

Deferred tax liabilities/(Assets)
Total liabilities 13,443,976,219 9,472,332,319
Capital/Shareholders’ equity
Paid up capital - -
Statutory reserve - -
Revaluation gain/(loss) on investments - -
Other reserve - -
Surplus in profit and loss account/retained earning - -
Total shareholders equity - -
Total liabilities and shareholders equity 13,443,976,219 9,472,332,319

Off Balance Sheet Items
ANNEXURE - P.2
Amount in BDT
Notes 2021 2020
Contingent Liabilities 12 19,937,667 19,937,667

Acceptances and endorsements 12.1 - -
Letters of guarantee 12.2 19,937,667 19,937,667
Irrevocable letters of credit 12.3 - -
Back To Back L/C - -
Bills for collection 12.4 - -
Other Contingent Liabilities
Other Commitments
Documentary credits and short term trade related transactions - -
Other Commitments - -
- -
Total off-balance sheet exposures including contingent liabilities 19,937,667 19,937,667

ANNEXURE - P.3
Amount in BDT
Notes 2021 2020
Profit from Investment 13 602,273,576 416,275,354

Profit paid on deposits, borrowing etc 14 (473,759,695) (309,795,928)
Net Investment Income 128,513,881 106,479,426
Income from investment in shares/securities 17,218,025 -
Commission, exchange and brokerage 15 1,048,816 516,442
Other operating income 16 169,901,557 68,398,357
Total operating income (A) 316,682,279 175,394,225
Salaries and allowances 17 69,325,524 53,582,276

Rent, taxes, insurance, electricity, ect. 18 2,055,087 1,985,101
Legal Expenses 19 2,061 96,500
Postage, stamp, telecommunication etc. 20 117,673 107,964
Stationery, printing, advertisements. etc. 21 217,981 156,071
Chief Executive’s Salary & fees - -
Fees for Attening Shariah Supervisory Meeting 22 176,000 88,000
Auditors’ fees - -
Charges on investment losses - -
Depreciation of Bank’s assets 23 260,213 222,763
Zakat expenses - -
Repair & Maintainance to Bank Properties 24 233,470 689,359
Other expenses 25 169,847,893 68,284,550
Total operating expenses(B) 242,235,901 125,212,584
Profit/(loss) before provision (A-B)=( C ) 74,446,378 50,181,642
Provision for investments - -

Specific Provision - -
General provision - -
Provision for off-balance sheet exposures - -
Provision for diminution in value of investments - -
Other provisions - -
Total Provision (D) - -
Total profit before taxes (C-D) 74,446,378 50,181,642

Agrani Bank Limited
ANNEXURE - P.4
Islami Banking activities was approved in 15 different branches of Agrani Bank Limited upon setting up Islami Banking
windows with separate entry door and counter under a separate book of accounts. Islamic Banking Windows are operated
under Islami Banking Unit where overall Islami Banking different from those of conventional banking. Accounting system
is vital for ensuring Shariah compliance in such banking operation. Our Islamic Banking operation is committed to follow
the accounting principles that refrain from interest. Islami Banking operation run through a separate Islami banking
Software. Here are the principles for accounting under its Islamic Banking.
i. Deposits and Profit Sharing:
Islamic Banks mobilize its deposits through two principles of Shariah to provide interest-free banking facilities
a. Al-Wadiah and
b. Mudaraba principles.
In Al-Wadiah Account, bank receives money with the condition to return the same, with permission to use/invest without
paying benefit. In Mudaraba deposits, bank plays the role of entrepreneur (Mudarib) and the depositors as fund provider
(Rabb al Maal). Under this principle, profit accrued from investment and financing are shared as per pre-agreed ratio.
Islami Banking in Agrani Bank Limited share profit with depositors in accordance with the Guideline for Islami Banking
by Bangladesh Bank.
Mudaraba depositors are entitled to get minimum 65% of the investment income earned through deployment of
Mudaraba Fund as per weight age assigned to each type of Mudaraba deposit. In the year 2019, the Bank paid 65%of
Investment Income earned through deployment of Mudaraba Fund. In some Mudaraba Deposits, additional rate was
allowed over the rate derived as per weight age. Profit is paid/provided to Mudaraba Deposit accounts at provisional rate
on half-yearly/yearly/anniversary basis considering overall projected growth, performance and profitability of the Bank
during the year. Final Rates of profit of any accounting year are declared after year end.
ii. Investment Operation:
Investments are recognized at gross amount on the date on which they are originated. After initial recognition
investments are stated in the Balance Sheet net off profit receivable and unearned income. However, provision for
investments is not net-off with investments.
Profit Receivable – the amount of unexpired portion of profit charged on Bai-Murabaha investment at the time of sale
of goods/ services to customer/ client.
Unearned Income - the amount of unrealized portion of profit/ value addition of fixed assets [property, plant & equipment]
under Hire Purchase Under Shirkatul Melk (HPSM) investment for gestation period.
For investment purpose two systems are followed:
a. Fixed return based investment
b. Variable return based investment
Fixed return based investment system is applicable for Bai-Muajjal, Bai-Murabaha investment mode. Under this mode,
Bank sells the goods to a client at a fixed profit /mark-up on deferred payment basis. Hire Purchase under Shirkatul
Melk (HPSM) is also a fixed return based investment mode. In this case rate of rent is fixed but amount of rent becomes
variable on the basis of diminishing balance method. Variable return based income is applied for our Musaharaka mode
of investment. In these cases, only ratio of Income Sharing is stated in the agreement.

Agrani Bank Limited
iii. Income/Revenue Recognition Principle.
The bank earns income from various sources such as charges, fees, commission and investment. To recognize all sorts
of income, Bank follows Shariah principle strictly. Usually charges, fees & commission etc. are recognized on actual
basis. Recognition of income from investment follows principles as under:
For Bai-Muajjal, Bai-Murabaha Investment:

While creating each deal, in case of Bai-Muajjal, Bai-Murabah a mode of investment, mark-up/profit is added to the
bank’s purchase cost with a credit to unearned income A/c. Thereafter time apportionment of profit is recognised out of
the unearned income amount at the end of each month on accrual basis. Allowance (rebate) for early repayment, if any,
may however be applied at Bank’s discretion.
For Hire Purchase Shirkatul Melk (HPSM) Investment:

In case of HPSM mode of investment Rent is charged and taken into income account at the end of each month on
accrual basis. If the account has a provision of gestation period, no income is earned during the period. In this case
income starts just after the end of gestation period. However, Rent is chargeable in spite of gestation, if the delivery
of asset is completed in usable condition such as a machine or a set of machinery or building etc. All accrual income is
subject to prevailing classification and provisioning rules of Bangladesh Bank.
iv. Cost Recognition Principle

Cost in respect of profit paid on deposit is recognized on accrual basis. Monthly accruals in this respect are calculated on
the basis of provisional profit rate. Other costs are also recognized on the accrual basis following the matching concept
of accounting.

Amount in BDT
2021 2020
1 Cash (Note-1.1+1.2) 195,590,237 146,049,557

1.1 Cash in hand
Local currency 6,583,851 6,510,818
Foreign currency - -
6,583,851 6,510,818
1.2 Cash with Bangladesh Bank and its agents

Balance with Bangladesh Bank 189,006,386 139,538,739
Balance with Sonali Bank (as agent of Bangladesh Bank) - -
189,006,386 139,538,739
1.3 Cash Reserve Requirement (Daily Basis)
Minimum Reserve Required @ 3.50 % of Total Demand and Time Liabilities 151,073,000 96,647,000
Actual Reserve held with Bangladesh Bank 364,804,000 139,538,739
Surplus/ (Deficit) 213,731,000 42,891,739
1.4 Cash Reserve Requirement (Bi-Weekly Average)

Required Reserve @ 4.00 % of Average Demand and Time Liabilities 172,655,000 110,453,000
Actual Reserve held with BB (on average for last bi-weekly of December) 364,804,000 139,539,000
Surplus/(Deficit) 192,149,000 29,086,000
1.5 Statutory Liquidity Ratio (SLR)

Required Reserve @ 5.50 % of Total Demand and Time Liabilities 237,401,000 151,873,000
Surplus/(Deficit) 522,861,851 68,724,000
1.6 Cash in hand 6,583,851 6,511,000

Excess of CRR 192,149,000 29,086,000
Eligible Securities (Bangladesh Government Islami Investment Bond) 561,530,000 185,000,000
Total 760,262,851 220,597,000
2 Balance with other banks and financial institutions

In Bangladesh (note-2.1) 248,858,501 276,309,879
Outside Bangladesh - -
2.1 In Bangladesh
Balance With Agrani Bank Limited 248,858,501 276,309,879
3 Placement with other banks and financial institutions
Mudaraba term deposit accounts (Including Profit)
a) Islami Bank Bangladesh Ltd. 945,000,000
b) Al-Arafah Islami Bank Ltd 1,501 1,890,001,480
c) Exim Bank Ltd. - 1,520,000,000
d) Social Islami Bank Ltd 7,271,337,500 3,136,336,250
e) Global Islami Bank Ltd. 300,000,000
f) AB Bank Ltd. 350,000,000 50,000,000
g) Union Bank Ltd. 816,000,000 30,000,000
9,682,339,002 6,626,337,730
4 Investment in share & securities

Governments ( Note 4.1) 561,530,000 185,000,000
Others - -
561,530,000 185,000,000
4.1 Investment in Government securities 561,530,000 185,000,000

Bangladesh Government Islami Investment Bond (BGIIB) - -
Other Government Bond & Securities 561,530,000 185,000,000

Amount in BDT
2021 2020
5 General Investments
a) In Bangladesh
Murabaha Industrial 27,065,233 157,906,245
Murabaha (TR) Industrial 28,597,901 22,880,250
Murabaha (TR) Commercial 2,091,789
Bai Muajjal (Gen./Comm.) 665,007,537 466,433,406
Bai Muajjal DDIS (Gen.) 23,072,153 17,157,837
Bai Muajjal Industrial 1,211,739,554 984,330,101
Hire Purchase (General) 3,371,712 1,473,617
Hire Purchase Industrial 425,243,095 369,837,757
Hire Purchase (Real Estate) 199,615,693 98,215,621
HPSM DDIS (Gen.) 43,686,457 15,167,395
Quard Against MTDR 35,075,550 27,517,550
2,664,566,674 2,160,919,779
b) Bill Purchased and discounted
Inland bills purchased - -
Foreign bills purchased and discounted - -
- -
2,664,566,674 2,160,919,779
5.1 Investments under the following broad categories
HPSM Investments 671,916,957 484,694,390
Bai-Murabaha / Bai-Muajjal 1,957,574,167 1,648,707,839
Quard against MTDR 35,075,550 27,517,550
2,664,566,674 2,160,919,779
Bills purchased and discounted (note-6) - -
2,664,566,674 2,160,919,779
5.2 Investments on the basis of significant
concentration including bills purchased and discounted
a) Investments to Directors of the Bank - -
b) Investments to Chief Executive and other executives & officers - -
c) Investments to customer groups:
i) Commercial investment 667,099,326 466,433,406
ii) House building investment 199,615,693 98,215,621
iii) Small and medium enterprises 66,758,611 54,923,238
iv) Industrial investments (Note 5.3 d) 1,648,959,325 1,497,188,953
v) Consumer investment 47,058,169 16,641,012
vi) Other investment (Quard Against MTDR) 35,075,550 27,517,550
2,664,566,674 2,160,919,779
d) Details of Industrial investments
i) Textile industries 1,097,894,115 997,544,375
ii) Pharmaceutical industries 129,415,311 118,652,178
iii) Leather, chemical, cosmetics, etc. 156,239,994 148,113,376
iv) Other industries including bills purchase and discounted 265,409,906 232,879,023
1,648,959,325 1,497,188,953
5.3 Particulars of investments
i) Investments considered good in respect of which the Bank is fully secured 35,075,550 27,517,550
ii) Investments considered good against which the Bank holds no
security other than the debtors’ personal guarantee 3,371,712 1,473,617
iii) Investments considered good secured by the personal undertaking
of one or more parties in addition to the personal
guarantee of the debtors 43,686,457 15,167,395
iv) Investments adversely classified; provision not maintained there against - -
82,133,719 44,158,562
v) Investments due by directors or officers of the banking company - -
vi) Investments due from companies or firms in which the directors of - -
the Bank have interest as directors, partners or managing agents or in case of private
companies, as members

Amount in BDT
2021 2020
vii) Maximum total amount of investments, including temporary

investment made at any time during the year to directors or managers or officers of the
banking company or any of them either separately or jointly with any other person. - -
viii) Maximum total amount of investments, including temporary
investments granted during the year to the companies or firms in which the directors of
the banking company have interest as directors, partners or managing agents or in the
case of private companies, as members - -
ix) Due from banking companies - -
x) Classified investments
a) Classified investments on which profit has not
been charged (note-5.4) 130,464,166 8,254,720
b) Provision on classified investments (note-5.5) 71,888,155 25,252,369
c) Provision kept against investments classified as bad debts
xi) Cumulative amount of written off investments
a) Opening Balance - -
b) Amount written off during the year - -
c) Amount realised against investments previously written off - -
d) The amount of written off investments for which law suits
have been filed - -
- -
5.4 Classification of investments
Unclassified
Standard including staff investment 2,283,175,740 2,067,696,065
Special mention account (SMA) 90,426,426 40,722,573
2,373,602,166 2,108,418,638
Classified
Sub-standard 94,896,666 34,258,309
Doubtful 65,603,676 9,988,114
Bad/Loss 130,464,166 8,254,720
290,964,508 52,501,143
5.5 Required provision for investments
General Provision
Investments (Excluding SMA) 18,853,513 18,034,445
Special mention account (SMA) 332,560 290,381
19,186,073 18,324,826
Specific provision
Sub-standard 6,679,500 2,941,553
Doubtful 5,030,201 1,585,736
Bad/Loss 40,992,381 2,400,254
52,702,082 6,927,543
Total required provision for investments 71,888,155 25,252,369
Note: Provision maintained by Head Office.
6 Bills purchased and discounted
Payable in Bangladesh - -
Payable outside Bangladesh - -
- -
7 Fixed assets including premises, furniture and fixtures
Property, Plant & Equipment
Furniture and fixtures 1,598,673 1,385,383
Office Equipment 390,993 390,143
Computer 1,193,140 901,267
Electric Materials 1,136,139 1,023,363
4,318,944 3,700,156
Less: Accumulated depreciation
Furniture and fixtures 1,252,174 1,136,572
Office Equipments 366,934 344,098
Computer 539,584 390,816
Electric Materials 932,938 867,708
3,091,630 2,739,194
Net value at the end of the year 1,227,315 960,962

Amount in BDT
2021 2020
8 Other assets
Stationery and stamps 104,547 28,387
Profit receivable 80,734,959 75,355,000
Advance deposits and advance rent 3,800 -
Stationery and stamps
Suspense account 7,058,450 10,110
Sundry assets 1,962,735 1,360,915
89,864,490 76,754,412
9 Borrowing From other Banks, Placements From Other Banks - 500,000,000

Borrowing From Bangladesh Bank (BGIIB) 583,462,776 110,428,761
583,462,776 610,428,761
10 Deposits and other accounts (Note- 10.1) 11,700,384,877 7,958,611,116
10.1 i) Al wadeeah current deposits and other accounts

Al-wadeeah current deposits 42,215,239 24,707,424
Security deposits - -
Sundry deposits-Margin on LG 2,701,350 2,701,350
Sundry deposits-Margin on LC -
Sundry deposits (Others) -
44,916,589 27,408,774
ii) Bills payable
Pay others issued 2,302,114 5,365,213
Pay slips issued - -
Demand draft payable - -
Foreign demand draft - -
T. T. payable - -
2,302,114 5,365,213
iii) Mudaraba savings deposits 230,078,485 182,170,591

iv) Mudaraba term deposits
Mudaraba Term deposits (MTDR) 9,640,956,617 5,348,634,275
Mudaraba special notice Term deposits 1,551,870,540 2,246,314,905
11,192,827,157 7,594,949,180
v) Other Mudaraba deposits (Scheme) 97,532,664 28,070,336

Mudaraba Monthly Profit Paying Deposit Scheme 132,727,868 120,647,022
Mudaraba Deposit Schemes 230,260,532 148,717,358
10.2 Category wise Deposits

Deposits from banks 7,766,577,600 4,819,501,563
11,700,384,877 7,958,611,116
11 Other liabilities
Profit (Interest) suspense & Compensation account (Note 11.1) 114,934,723 88,358,625
Provision for Expenses (Note 11.2) 274,751,088 131,726,521
Sundry Creditors (Note 11.3) 3,031,972 3,162,232
VAT, AIT & Excise Duty Payable 29,344,463 16,396,482
Payable to Benevolent & Other Fund - 28,640
Islami Banking General Account 738,066,319 663,619,941
1,160,128,565 903,292,441
11.1 Profit (Interest) suspense & Compensation account
Compensation Realised 42,339,606 35,617,488
Compensation Receivable 71,315,497 50,881,852
Profit Suspense 1,279,619 1,859,285
114,934,723 88,358,625
11.2 Provision for Expenses
Provision for MTDR 100,236,671 58,906,255
Provision for Deposit Schemes 4,098,643 3,667,220
Provision for Monthly Profit Paying Deposit 256,640 86,175
Provision for Interest on Borrowing - 9,055,479
Unearned profit on Investment & Enhance profit fund 170,146,134 60,011,392
Undisburse Salary & Other Allowances 13,000 -
274,751,088 131,726,521

Amount in BDT
2021 2020
11.3 Sundry Creditors

Sundry Creditors for Services 2,555,471 2,523,860
Sundry Creditors for Suppliers 56,077 75,229
Employee income tax payable 420,424 563,143
3,031,972 3,162,232
12 Contingent liabilities 19,937,667 19,937,667
12.1 Letters of guarantee
Letters of guarantee (Local) 19,937,667 19,937,667
Letters of guarantee (Foreign) - -
Foreign counter guarantees - -
19,937,667 19,937,667
12.2 Irrevocable Letters of Credit
Letters of credit - -
Back to back L/C - -
Bank’s liabilities PAD - -
- -
12.3 Bills for collection
Outward bills for collection - -
Inward local bills for collection - -
Inward foreign bills for collection - -
- -
13 Investment income
i) Income from general investment
Bai-Murabaha 10,799,554 5,911,231
Bai-Muajjal 101,459,931 81,966,502
Hire purchase Under Sherkatul Melk 45,421,902 38,214,094
157,681,387 126,091,827
ii) Income from balance with other Islamic banks
In Bangladesh 444,592,189 290,183,527
Out side Bangladesh - -
444,592,189 290,183,527
Total (i+ii) 602,273,576 416,275,354
14 Profit paid on deposits, borrowing etc.
i) Profit paid on deposits:
Mudaraba savings deposits 8,854,418 8,509,539
Mudaraba special notice deposits 70,751,890 39,583,227
Mudaraba term deposits 372,545,140 222,099,171
Mudaraba deposit schemes 12,323,530 7,431,731
Others (GPF & CPF) - -
464,474,978 277,623,667
ii) Profit paid for borrowings:
Bangladesh Bank 5,369,178 27,740,412
Other Bank 3,915,539 4,431,849
9,284,717 32,172,261
Total (i+ii) 473,759,695 309,795,928
15 Commission, exchange and brokerage
Commission on Bills for Collection 6,735 50
Commission on PO 30,984 32,361
Commission on Guarantee 93,323 60,661
Commission on L/C-Fcy 914,488 420,030
Miscellaneous Commission 2,605 2,970
Miscellaneous fees 682 370
1,048,816 516,442
16 Other operating income
Service & Incidental Charge 392,338 464,612
Application Fees 4,150 3,950
Processing Fees 765,250 158,700
A/C closing charge 3,408 800
Cheque Book Charge 70,865 44,147
Account Maintanance & others 91,154 345,118
IBG income 168,574,393 67,381,031
169,901,557 68,398,357

Amount in BDT
2021 2020
17 Salaries and allowances

Basic pay 27,250,489 21,841,823
House Rent Allowances 12,608,430 10,340,529
Other Allowances 3,687,779 4,663,283
Bonus 4,743,928 3,765,773
Fringe Benefit 534,940 582,750
Bank’s contribution to Pension fund 19,508,601 9,300,523
Bank’s contribution to provident fund 90,656 563,258
Gratuity Expense 217,608 1,840,909
Miscellaneous: Contractual Service- Security Guard 683,093 683,427
69,325,524 53,582,276
18 Rent, taxes, insurance, electricity, etc.
Rent, rate and taxes 2,055,087 1,985,101
Power and electricity - -
2,055,087 1,985,101
19 Professional expenses
Legal expenses 2,061 8,500
Other professional charges 88,000
2,061 96,500
20 Postage, stamp, telecommunication, etc.
Postage 17,463 21,232
Telegram, telex, fax & e-mail 1,200 -
Data communication 99,010 86,732
117,673 107,964
21 Stationery, printing and advertisements, etc.
Office and security stationery 89,293 66,427
Computer consumable stationery 74,012 38,427
Stationaries- Table/Desk & Others 54,676 51,217
217,981 156,071
22 Fees for Attening Shariah Supervisory Meeting
Fees for Attening Meeting 176,000 88,000
176,000 88,000
23 Depriciatioin on Fixed Assets
Depriciation on Furniture And Fixture 80,259 105,788
Depriciation on Office Appliance/ Equipment 22,836 22,859
Depriciation on Computer 95,899 34,050
Depriciation on Electric material 61,219 60,066
260,213 222,763
24 Repair & Maintainance to Bank Properties
Building- Office Premises - 1,360
Furniture and fixtures 45,595 72,687
Computer 78,401 70,858
Executives vehicles 40,000 479,742
Electric Materials 69,474 64,712
233,470 689,359
25 Other expenses
Upkeep of Bank Premises 137,706 124,563
Entertainment 390,660 274,461
Books, magazines and newspapers, etc. 56,929 44,288
Honorarium & Fees 160,000 -
Traveling expenses 53,504 73,224
Local conveyance, labor, etc. 105,556 79,606
Business development 160,905 103,931
Telephone 102,095 115,446
Bankers Clearing House Charge 7,145 6,000
Inter Branch ABBL General Account Profit Expenses and others 168,574,393 67,381,031
Closing expenditure 99,000 82,000
169,847,893 68,284,550

Offshore Banking Unit
Balance Sheet
ANNEXURE - O.1
2021 2020
Notes
USD BDT USD BDT
PROPERTY AND ASSETS

Cash in hand - - - -
Cash in hand (including foreign currencies) - - - -
Balance with Bangladesh Bank and its agent Banks - - - -
(including foreign currencies)
Balance with other banks and financial institutions - - - -

In Bangladesh - - - -
Outside Bangladesh - - - -
Investments 3 - - 329,195 27,965,111

Governments
Others - - 329,195 27,965,111
Loans & Advances 4 170,694,031 14,654,082,559 158,805,007 13,490,485,318

Loans, Import finance/Refinance etc. 4.1 170,694,031 14,654,082,559 158,546,558 13,468,530,121
Bills purchased and discounted 4.2 - - 258,448 21,955,197
Fixed assets including premises 5 778 66,775 1,476 125,310

Other assets
Non-banking assets - - - -
Total assets 170,694,809 14,654,149,334 159,135,677 13,518,575,739

LIABILITIES
Borrowing 6 170,694,809 14,654,149,334 159,135,677 13,518,575,739
Deposits and other accounts - - - -
Other Liabilities - - - -
Total liabilities 170,694,809 14,654,149,334 159,135,677 13,518,575,739
Capital/Shareholders’ equity
Paid up capital - - - -
Foreign currency translation difference - - - -
Surplus in profit and loss account/retained earning - - - -
Total shareholders’ equity - - - -
Total liabilities and shareholders’ equity 170,694,809 14,654,149,334 159,135,677 13,518,575,739
OFF-BALANCE SHEET EXPOSURES

Contingent Liabilities
Acceptances and endorsements - - - -
Letters of guarantee - - - -
Irrevocable letters of credit - - - -
Bills for collection - - - -
Other Contingent Liabilities - - - -
Total off-balance sheet items including contingent liabilities - - - -

Profit & loss account
ANNEXURE - Q.2
2021 2020
Notes
USD BDT USD BDT
Operating Income
Interest income 7 7,980,200 685,100,153 9,929,474 843,508,781
Interest paid on deposits and borrowing 8 (3,406,527) (292,450,310) (4,198,329) (356,648,088)
Net interest income 4,573,673 392,649,843 5,731,145 486,860,693
Commission, exchange and brokerage 9 450,685 38,691,330 154,175 13,097,153
Other operating income 10 - - 57,779 4,908,354
Total operating income (A) 5,024,358 431,341,173 5,943,099 504,866,200
Operating expenses
Salaries and allowances 11 86,817 7,453,253 88,938 7,555,257
Postage, stamp, telecommunication etc. 12 448 38,500 351 29,850
Stationery, printing, advertisements. etc. 13 678 58,200 534 45,350
Auditors’ fees - - - -
Depreciation of Bank’s assets 14 682 58,535 689 58,535
Other Expenses 15 1,716 147,357 103,960 8,831,443
Total operating expenses(B) 90,342 7,755,845 194,472 16,520,435
Profit/(loss) before provision (A-B)=( C ) 4,934,017 423,585,328 5,748,626 488,345,765
Specific Provision - - - -
General provision - - - -
Provision for off-balance sheet exposures - - - -
Provision for diminution in value of investments - - - -
Other provisions - - - -
Total Provision (D) - - - -
Total profit before taxes (C-D) 4,934,017 423,585,328 5,748,626 488,345,765
Provision for income tax - - - -
Net profit/(loss) after Tax 4,934,017 423,585,328 5,748,626 488,345,765
Balance of profit brought forward from previous year - - - -
Surplus in profit and loss account carried forward 4,934,017 423,585,328 5,748,626 488,345,765

Annexure- Q.3
Agrani Bank Limited
Off-shore Banking Unit (OBU)
1.1 Status of the unit:

Off-shore banking Unit (‘the Unit’) is a separate business unit of Agrani Bank Limited, (“the Bank”) governed under the
Rules and Guidelines of Bangladesh Bank. The Bank obtained the Off-shore banking unit (OBU) permission vide letter No.
BL/DA/5175/87 dated 07 March 1987. The bank commenced the operation of its Off-shore Banking Unit from 23 January
2014 and its office is located at EPZ Corporate Branch, Bay-Shopping Centre, Chottagram EPZ, Chottagram.
1.2 Principal activities:

The principal activities of the units are to provide all kinds of OBU related commercial banking services to its
customers through its Off-shore Banking Units in Bangladesh.
2. Significant accounting policies and basis of preparations
2.1 Basis of preparation:

The financial statements are prepared on the basis of going concern and represent the financial performance and
financial position of the Off-shore Banking Unit (OBU). The financial statements of the OBU are prepared in accordance
with the Bank Companies Act 1991, in particular, banking regulation and Policy Department (BRPD) Circular No. 14 Dated
25 June 2003, other Bangladesh Bank Circulars, Bangladesh Financial Reporting Standards (BFRSs) and other rules and
regulations where necessary.
2.2 Foreign Currency:

Items included in the financial statements of the Unit are measured using the currency of the primary economic
environment in which the entity operates (‘the functional currency’). The Financial statements of the Unit are presented
in US Dollar (USD) and Taka where USD is the functional currency and Taka is the Unit’s presentation currency.
2.3 Loans and advances:

a) Loans and advances are stated in the balance sheet on gross basis.
b) Interest is calculated on daily product basis, but charged and accounted for quarterly basis. Interest on
classified loans and advances/investments is kept in interest suspense account as per BRPD circular no. 16 of
1998, 09 of 2001 and 10 of 2005 and recognized as income on realization. Interest is not charged on bad and loss
loans and advances / investments as per guidelines of Bangladesh Bank. Records of such interest amounts are
kept in separate memorandum accounts.
c) Provision has been made as per BRPD circular no. 16 dated 18 November 2014, BRPD circular 14 dated 23
September 2012, BRPD Circular no. 19 dated 27 December 2012, BRPD Circular no. 16 dated 18 November 2014
and BRPD Circular no. 05 dated 29 May 2013.
2.4 Reporting period:

These financial statements cover from 01 January 2021 to 31 December 2021.
2.5Fixed assets and depreciation:

a) Fixed assets are stated at cost of acquisition/valuation.
b) Depreciation is charged for the year at the following rates on reducing balance method on all fixed assets.
Category of Fixed assets Rate

Furniture and fixtures 10%
Office equipment 20%
2.6 General:
Assets and liabilities and Income and expenses of Conventional Banking have been translated into Taka currency @ USD
1 = BDT 85.85 for the year 2021 (which was BDT 84.95 for the year 2020).

ANNEXURE - Q4
2021 2020
Notes
USD BDT USD BDT
3 Investments - - 329,195 27,965,111

Invest in Agrani Remittance House, Canada Inc. - - 329,195 27,965,111
Others - - - -
4 Loans & Advances 78,871,345 14,654,082,559 56,215,011 13,490,485,318
Loans, Import finance/Refinance etc. (Note-4.1) 78,871,345 14,654,082,559 55,956,563 13,468,530,121

Bills purchased and discounted (Note-4.2) - - 258,448 21,955,197
4.1 Loans, Import finance/Refinance etc. 170,694,031 14,654,082,559 158,546,559 13,468,530,121

Import finance/Refinance/Short Term Loans 78,871,345 6,771,104,935 55,956,563 4,753,509,997
Long Term Loans 91,822,686 7,882,977,624 102,589,996 8,715,020,124
4.2 Bills purchased and discounted - - 258,448 21,955,197

- - 258,448 21,955,197
- - - -
5 Fixed assets including premises (Net) 778 66,775 1,475 125,310

Cost Value 3,806 326,750 3,846 326,750
Furniture & Fixture 794 68,150 802 68,150
Computer 3,012 258,600 3,044 258,600-
Office Equipment - - - -
Accumulated Depreciation 3,028 259,975 2,371 201,440

Computer 2,663 228,600 2,082 176,880
6 Borrowing 170,694,809 14,654,149,334 159,135,677 13,518,575,739

Own institution/Mother Bank 141,031,588 12,107,561,800 148,028,368 12,575,009,863
Foreign Bank 29,662,443 2,546,520,759 11,105,834 943,440,566
Own institution (for Furniture & Fixture) 778 66,775 1,475 125,310
7 Interest income 7,980,200 685,100,153 9,929,474 843,508,781

Interest on Loan, Import & Export Finance 7,980,200 685,100,153 9,929,474 843,508,781
Others - - - -
8 Interest paid on deposits and borrowing 3,406,527 292,450,310 4,198,329 356,648,088

Interest paid for borrowings from Foreign Bank 342,297 29,386,164 635,409 53,977,980
Interest paid for borrowings from Own Institution 3,064,230 263,064,146 3,351,307 284,693,564
Charges paid to Foreign Bank - - 211,613 17,976,544

2021 2020
Notes
USD BDT USD BDT
9 Commission, Exchange and brokerage 450,685 38,691,330 154,175 13,097,153

Exchange earnings 450,685 38,691,330 154,175 13,097,153
Others - - - -
10 Other operating income - - 57,779 4,908,354

Loan Processing Fee - - - -
SWIFT Charge - - - -
Service Charge on Others - - 57,779 4,908,354
11 Salaries and allowances 86,817 7,453,253 88,938 7,555,257

Basic pay 31,182 2,676,960 33,817 2,872,780
House allowance 14,635 1,256,457 16,181 1,374,607
Medical allowance 1,048 90,000 17,895 1,520,193
Education allowance 210 18,000 1,254 106,500
Bonus 13,641 1,171,091 277 23,500
Bank’s contribution to provident fund - - 2,235 189,863
Gratuity expense 23,305 2,000,745 13,888 1,179,814
Lunch subsidy 2,796 240,000 3,390 288,000
12 Postage, stamp, telecommunication etc. 448 38,500 351 29,850

Postages 178 15,300 144 12,200
Telephone Charges 200 17,200 162 13,750
Others 70 6,000 46 3,900
13 Stationery, printing, advertisements. etc. 678 58,200 534 45,350

Security Stationery 29 2,500 18 1,500
Printing Stationary 383 32,900 301 25,600
Paper & Table Stationary 259 22,200 209 17,750
Other 7 600 6 500
14 Depreciation of Bank’s assets 682 58,535 689 58,535

Computer 602 51,720 609 51,720
15 Other Expenses 1,716 147,357 103,960 8,831,443

Exchange Loss 1,716 147,357 103,960 8,831,443
Others - - - -

Agrani Bank Limited
ANNEXURE - R
Agrani Exchange Company (Australia) Pty. Limited:
As per decision of 457th meeting of the Board of Directors of Agrani Bank Limited held on 29 May, 2016 and the
consent letter BRPD(M) 204/8/2016-3995 of Bangladesh Bank regarding wind up of Agrani Exchange Company
Pty Limited, Australia, the Company has closed down its operation in 30 June 2016 and it’s liquidation process is
underway. As a part of liquidation process, the Company has submitted an application requesting to cancel the
registration of the company to Australian Securities and Investments Commission (ASIC)- Australian government
body that acts as Australia’s corporate regulator. Agrani Bank Limited would take next steps immediately after the
liquidation of the company effectively comes to an end.
Agrani Remittance House Canada Inc.:

Although Bangladesh Bank instructed Agrani Bank Limited to close down the operation of Agrani Remittance
House Canada Inc. due to the company not be able to make it profitable since it’s inception, the Bank has applied
to Bangladesh Bank for giving a rational time span within which the Company becomes profitable with taking
some realistic plan and implementing of the plan that mentioned in the prayer. Again on 03 December 2017 the
Bank has written to Bangladesh Bank seeking approval for continuing operation of the above Remittance House;
and in response, the Bangladesh Bank has provided the approval letter no BRPD(M)204/08/2018-6156 dated
on 16 August 2018 to continue the operation of Agrani Remittance House Canada Inc. for next 6 months, which
was expired on 15 February 2019. Subsequently, the Bank has requested to Bangladesh Bank to give approval for
continuing the operation of the Remittance House vide letter no FRD/383/19 dated 18 February 2019. Bangladesh
Bank finally approved Bank’s request for continuing the operation of the Remittance House vide letter no
BRPD(M)204/08/2019-4113 dated 09 June 2019. Subsiquently, Bangladesh Bank has instructed to close dwon the
operation of Agrani Remittance House Canada Inc. vide letter no BRPD(M)204/08/2020-2148 dated 23 February
2020 and the Bank act accordingly.

Agrani Equity &
Investment Limited
Auditor’s Report
& Audited Financial
Statements

Auditor’s Report to the Shareholders of
Opinion
We have audited the accompanying financial statements of Agrani Equity & Investment Limited (the Subsidiary
Company of Agrani Bank Limited) which comprise the Financial Position as at 31st December 2021, and the Statement
of Profit or Loss & Other Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the
year then ended, and notes to the financial statements, including a summary of significant accounting policies and other
explanatory information.
In our opinion, the accompanying financial statements give true and fair view, in all material respects, of the separate
financial position of the Company as at 31st December 2021, and of its financial performance and its cash flows for the
year then ended in accordance with International Financial Reporting Standards (IFRSs).
Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under
those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements
section of our report. We are independent of the Company in accordance with the International Ethics Standards Board
for Accountants’ Code of Ethics for Professional Accountants (IESBA Code), Bangladesh Securities & Exchanges
Commission (BSEC) and Bangladesh Bank, we have fulfilled our other ethical responsibilities in accordance with
the IESBA Code and the Institute of Chartered Accountants of Bangladesh (ICAB) By Laws. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matters
1. In course of our verification, we observe that the company didn’t comply IFRS – 16 “Leases”. This standard, which
is mandatory for periods commencing on or after 1 January 2019, will require lessees to account for all leases on
their balance sheets, including those which had previously been treated as operating leases and accounted for
in the P & L account as an “in-year” expense. Our opinion is not modified in respect of this matter.
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those
standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section
of our report. We are independent of the Company in accordance with the International Ethics Standards Board for
Accountants’ Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that
are relevant to our audit of the financial statements in Bangladesh, and we have fulfilled our other ethical responsibilities
in accordance with these ethical requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion
Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the
financial statements of the current period. These matters were addressed in the context of our audit of the financial
statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
For the matter stated below, our description of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in the Auditor’s responsibilities for the audit of the Financial Statements
section of our report, including in relation to these matters. Accordingly, our audit included the performance of
procedures designed to respond to our assessment of the risks of material misstatement of the Financial Statements.
The results of our audit procedures including the procedures performed to address the matter below, provide the basis
of our audit opinion on the accompanying financial statements.

Revenue Recognition
Key Audit Matters Our response to the risk
At year end the Company reported total We have tested the design and operating effectiveness of key controls
revenue of BDT 973,729,626/- focusing on the following:
Revenue is measured from real transaction • Segregation of duties in invoice creation and modification;
of Fees & Commission, Capital gain on • Verify and calculate interest income based on daily margin loan balance;
investment in Share, Income from Margin
• Verify the authentication of documents;
loan, Dividend income and Other Operational
Income. • Timing of revenue recognition.
There is also a risk that revenue may be Our substantive procedures in relation to the revenue recognition
overstated due to fraud through manipulation comprises the following:
resulting from the pressure local management • Obtaining supporting documentation for transactions recorded for
may feel to achieve performance targets. fees & commission such as appointment latter, physical verification
of invoice, bank statement, accounts receivable and credit notes
issued after the year end date to determine whether revenue was
recognized in the correct period;
• Verified the margin clients’ portfolio, ledger and calculation of interest
considering daily margin loan from the software generated data.
• Verify the authorization of sales order and approval from the
management to sales of share and recognition as capital gain on
investment in share;
• Obtained and verified supporting documents to confirm dividend
income such as declaration of dividend, bank statement, and receivable
ledger, AIT against dividend and portfolio statement.
• Critically assessing manual journals posted to revenue to identify
unusual or irregular items; and
• Finally assessed the appropriateness and presentation of disclosures
against relevant accounting standards.
Investment in Shares & Securities

Investment in Shares & Securities of BDT focusing on the following:
8,383,349,526/- • Segregation of duties in investment creation and modification;
The presented invested amount increased from • Verify and calculate interest receivable;
the previous year. This increments made by • Verify the authentication of documents;
encash and reinvest in share and securities. Our substantive procedures in relation to the revenue recognition
There is also a risk that Investment in Share and comprises the following:
Securities amount may be overstated due to
• Obtained supporting documents for make encash and purchase of
fraud through manipulation resulting from the
share and securities such as approval of management;
pressure local management may feel to achieve
performance targets. • Verification of approval limit of the management;
• Confirmed the encash of investment by verification and obtained bank statements;
• Critically assessing manual journals posted to investment in Shares
and Securities to identify unusual or irregular items; and
• Finally assessed the appropriateness and presentation of disclosures
against relevant accounting standards.

IT systems and controls

Our audit procedures have a focus on IT systems and We tested the design and operating effectiveness of the Company’s
controls due to the pervasive nature and complexity of the IT IT access controls over the information systems that are critical to
environment, the large volume of transactions processed in financial reporting. We tested IT general controls (logical access,
numerous locations daily and the reliance on automated and changes management and aspects of IT operational controls).
IT dependent manual controls. This included testing that requests for access to systems were
appropriately reviewed and authorized. We tested the Company’s
Our areas of audit focus included user access management, periodic review of access rights. We inspected requests of changes
developer access to the production environment and changes to systems for appropriate approval and authorization. We
to the IT environment. These are key to ensuring IT dependent considered the control environment relating to various interfaces,
and application based controls are operating effectively. configuration and other application layer controls identified as key
to our audit.
Where deficiencies were identified, we tested compensating

controls or performed alternate procedures. In addition, we
understood where relevant, changes were made to the IT
landscape during the audit period and tested those changes that
had a significant impact on financial reporting.
Other Information
Management is responsible for the other information. The other information comprises all of the information in the
Annual report other than the financial statements.
Our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard.
Responsibilities of Management and Those Charged with Governance for the Financial Statements and Internal
Controls
Management is responsible for the preparation and fair presentation of the financial statements in accordance with
IFRSs and for such internal control as management determines is necessary to enable the preparation of the
financial statements that are free from material misstatement, whether due to fraud or error. The Companies Act,
1994 require the Management to ensure effective internal audit, internal control and risk management functions of the
Company.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.
Those charged with governance are responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually

or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis
of these financial statements.
As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
• dentify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based
on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may
cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures,
and whether the separate financial statements represent the underlying transactions and events in a manner
that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities to express an opinion on the financial statements. We are responsible for the direction, supervision
and performance of the company audit. We remain solely responsible for our audit opinion.
We communicated with those charged with governance regarding, among other matters, the planned scope and timing
of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during
our audit.
We also provided those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence, and to communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were
of most significance in the audit of the consolidated and separate financial statements of the current period and are
therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes
public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh
the public interest benefits of such communication.
Report on other Legal and Regulatory Requirements

In accordance with the Companies Act 1994, the Securities and Exchange Rules 1987, the Financial Institutions Act
1993 and the rules and regulations issued by Bangladesh Bank, we also report that:
(i) we have obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit and made due verification thereof;
(ii) in our opinion, proper books of accounts as required by law have been kept by the Company so far as it appeared
from our examination of those books;

(iii) the balance sheet and profit and loss account together with the annexed notes dealt with by the report are in
agreement with the books of account and returns;
(iv) the expenditures incurred were for the purpose of the Company’s business for the year;
(v) the financial statements of the Company have been drawn up in conformity with the Financial Institutions Act,
1993 and in accordance with the accounting rules and regulations which were issued by Bangladesh Bank
to the extent applicable to the Company;
(vi) adequate provisions have been made for loans, advances, leases, investment and other assets which are,
in our opinion, doubtful of recovery and Bangladesh Bank’s instructions in this regard have been followed
properly;
(vii) the financial statements of the Company conform to the prescribed standards set in the accounting regulations
which were issued by Bangladesh Bank after consultation with the professional accounting bodies of
Bangladesh;
(viii) the records and statements which were submitted by the branches have been properly maintained and
recorded in the financial statements;
(ix) statements sent to Bangladesh Bank have been checked on sample basis and no inaccuracy has come to
our attention;
(x) taxes and other duties were collected and deposited in the Government treasury by the Company as per
Government instructions found satisfactory based on test checking;
(xi) nothing has come to our attention that the Company has adopted any unethical means i.e. ‘window dressing’ to
inflate the profit and mismatch between the maturity of assets and liabilities;
(xii) proper measures have been taken to eliminate the irregularities mentioned in the inspection report of
Bangladesh Bank and the instructions which were issued by Bangladesh Bank and other regulatory authorities
have been complied properly as disclosed to us by management;
(xiii) based on our work as mentioned above under the auditor’s responsibility section, internal control and the
compliance of the Company is satisfactory, and effective measures have been taken to prevent possible
material fraud, forgery and internal policies are being followed appropriately;
(xiv) the Company has complied with relevant laws pertaining to capital, reserve and net worth, cash and liquid
assets and procedure for sanctioning and disbursing loans/leases found satisfactory;
(xv) we have reviewed over 80% of the risk weighted assets of the Company and we have spent required person
hours for the audit of the books and accounts of the Company;
(xvi) the Company has complied with relevant instructions which were issued by Bangladesh Bank relevant to
classification, provisioning and calculation of interest suspense;
(xvii) the Company has complied with the ‘First Schedule’ of Bank Companies Act, 1991 in preparing these financial
statements; and
(xviii) all other issues which in our opinion are important for the stakeholders of the Company have been adequately
disclosed in the audit report.

AKM Kamrul Islam, FCA
Sen or Partner
Enrolment No: 670
Islam Aftab Kamrul & Co.
Dhaka Chartered Accountants
April 27, 2022 DVC: 2204270670AS557346

Statement of Financial Position
Amount in BDT
ASSETS
Non-Current Assets:
Property, Plant and Equipments 846,242 1,083,578
Intangible Assets 3 3
Total non-current asset 846,245 1,083,581
Current Assets:
Investment in Shares & Securities 8,383,349,526 9,174,824,412

Margin Loan 2,189,709,586 509,295,279
Accounts Receivable 162,365,616 373,602,820
Advance Income Tax 73,342,887 39,468,173
Dividend Receivable 42,793,655 89,479,078
Advance, Deposit & Prepayment 23,345,646 6,000
Other Current Assets 1,560 376,360
Cash and Cash Equivalents 110,227,639 69,421,636
Total Current Assets 10,985,136,115 10,256,473,758
Total Assets 10,985,982,360 10,257,557,339
EQUITY AND LIABILITIES
Equity and Liabilities:

Shareholders’ Equity:
Share Capital 5,000,000,000 5,000,000,000
Retained Earnings (434,205,351) (1,072,590,415)
Total Shareholder’s Equity 4,565,794,649 3,927,409,585
Current Liabilities:
Accounts Payable 161,025,716 53,027,742
Advance and Security Deposits 15,782,088 7,317,260
Bank Overdraft 3,913,107,913 3,978,849,482
Other Liabilities 2,330,271,994 2,290,953,270
Total Current Liabilities 6,420,187,711 6,330,147,754
Total Equity & Liabilities 10,985,982,360 10,257,557,339
Arundhati Mondal (MOHAMMAD SHAMS-UL ISLAM) (DR. ZAID BAKHT)

CEO Managing Director & CEO Chairman

Sen or Partner
Enrolment No: 670
DVC: 2204270670AS557346

Statement of Comprehensive Income
Amount in BDT
Income
Fees & Commissions 92,355,629 1,963,099

Capital Gain on Investment in Share 621,841,401 154,701,470
Income From Margin Loan 101,931,610 7,875,041
Dividend Income 153,475,610 160,776,200
Other Operational Income 4,125,376 1,981,306
Total Income 973,729,626 327,297,117
Expenditure
Administrative Expenses 21,174,018 21,536,969

Operating Expense 9,084,771 590,457
Financial Expenses 213,497,848 247,428,272
Total Expenditure 243,756,637 269,555,698
Net Profit/(Loss) Before Tax 729,972,989 57,741,419

Provision for Margin Loan - -
Provision for Unrealized Loss on Security - -
Provision for Investment in Placement Share -
Total Provision - -
Net Profit/(Loss) Before Tax 729,972,989 57,741,419
Provision For Tax 92,879,262 47,625,387
Net Profit After Tax 637,093,727 10,116,032
Earnings Per Share (EPS) 12.74 0.20


Sen or Partner
Enrolment No: 670
DVC: 2204270670AS557346

Amount in BDT
Particulars Share Capital Retained Earnings Total Equity
Balance as at 01 January 2021 5,000,000,000 (1,072,590,415) 3,927,409,585
Prior year Adjustment - 1,291,337 1,291,337
Net Profit/(Loss) till December 2021 - 637,093,727 637,093,727
Balance as at 31 December 2021 5,000,000,000 (434,205,351) 4,565,794,649


Statement of Cash Flows
For the year ended December 31, 2021
Amount in BDT
A) Cash flows from operating activities
Cash receipts from operating activities 1,184,966,830 (21,940,307)
Cash paid for:

Operating and other expenses 151,224,417 10,196,476
Advances, deposits and pre-payments - -
151,224,417 10,196,476
Cash generated from operations 1,336,191,247 (11,743,831)
Finance costs (213,497,848) (247,428,272)
Advance income tax paid (126,753,976) (43,142,378)
(340,251,824) (290,570,651)
Net cash from /(used in) operating activities 995,939,423 (302,314,482)
B) Cash flows from investing activities:
Acquisition of Non-current assets (452,426) (82,755)

Investment in Shares & Securities 791,474,886 (80,107,230)
Issuance of Margin Loan (1,680,414,307) (81,879,810)
Net cash used in investing activities (889,391,847) (162,069,796)
C) Cash flows from financing activities:

Proceeds of Share capital - -
Received/(payments) of Bank Overdraft (65,741,569) 513,175,620
Net cash used in financial activities (65,741,569) 513,175,620
D) Increase/(Decrease) in cash flows (A+B+C) 40,806,007 48,791,342
E) Cash and bank balances beginning of the year 69,421,632 20,630,290
F) Cash and bank balances ending of the year 110,227,639 69,421,632


Statement of Liquidity
Amount in BDT

Particular Upto 1 month 1-3 months 3-12 months 1-5 years More than 5 years Total
Assets:
Cash in Hand - - - - - -
Balance with other Banks and Financial Institutions 110,227,639 - - - - 110,227,639
Money at Call and Short Notice - - - - - -
Investments 8,363,349,526 - - 20,000,000 - 8,383,349,526
Loans and Advances 1,907,263,219 - - 282,446,367 - 2,189,709,586
Fixed Assets Including Land, Furniture and Fixtures - - - - 846,245 846,245
Other Assets 259,055,709 42,793,655 - - - 301,849,364
Non-Banking Assets - - - - - -
Total Assets 10,639,896,094 42,793,655 - 302,446,367 846,245 10,985,982,360
Liabilities:
Borrowing from Banks - - 3,913,107,913 - - 3,913,107,913
Deposits and other Accounts 16,159,824 - - - - 16,159,824

Provision and other Liabilities 174,936,492 - 92,879,262 175,103 2,222,929,117 2,490,919,974
Total Liabilities 191,096,316 - 4,005,987,175 175,103 2,222,929,117 6,420,187,711
Net Liquidity Gap 10,448,799,777 42,793,655 (4,005,987,175) 302,271,264 (2,222,082,872) 4,565,794,649
)
Arundhati Mondal (MOHAMMAD SHAMS-UL ISLAM (DR. ZAID BAKHT)
Agrani SME Financing
Company Limited
Auditor’s Report &

Audited Financial Statements

Independent Auditor’s Report to the Shareholders of
Agrani SME Financing Company Limited
Opinion
We have audited the accompanying financial statements of Agrani SME Financing Company Limited which comprise
the Financial Position as at 31st December 2021, and the Statement of Profit or Loss & Other Comprehensive Income,
Statement of Changes in Equity and Statement of Cash Flows for the year then ended, and notes to the financial
statements, including a summary of significant accounting policies and other explanatory information. In our opinion, the
accompanying financial statements present fairly, in all material respects, the financial position of the Company as at 31st
December 2021, and its financial performance and its cash flows for the year then ended in accordance with International
Financial Reporting Standards (IFRSs), the Companies Act 1994 and other applicable laws and regulations.
Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those
standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our
report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’
Code of Ethics for Professional Accountants (IESBA Code), and we have fulfilled our other ethical responsibilities in
accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the
financial statements of the current period. These matters were addressed in the context of our audit of the financial
statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
For the matter stated below, our description of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in the Auditor’s responsibilities for the audit of the Financial Statements
section of our report, including in relation to these matters. Accordingly, our audit included the performance of
procedures designed to respond to our assessment of the risks of material misstatement of the Financial Statements.
The results of our audit procedures including the procedures performed to address the matter below, provide the basis
of our audit opinion on the accompanying financial statements.
Revenue Recognition

revenue of BDT 287,224,201 /- focusing on the following:
Revenue is measured from real transaction • Segregation of duties in deposit slip creation and modification;
of Loan Investment, Income from CIB • Verify and calculate interest income based on daily loan balance;
Processing Fees, Early Settlement • Verify the authentication of documents;
Income and Other Operational Income.
• Timing of revenue recognition.
There is also a risk that revenue may
be overstated due to fraud through Our substantive procedures in relation to the revenue recognition
manipulation resulting from the pressure comprises the following:
local management may feel to achieve • Obtaining supporting documentation for transactions recorded
performance targets. for fees & commission such as appointment latter, physical
verification of deposit slips, bank statement after the year end date
to determine whether revenue was recognized in the correct period;
• Verified the margin clients’ portfolio, ledger and calculation of interest
considering daily margin loan from the software generated data.
• Obtained and verified supporting documents to confirm income
such as declaration of dividend, bank statement, and receivable
ledger, AIT against dividend and portfolio statement.
• Critically assessing manual journals posted to revenue to identify
unusual or irregular items; and
• Finally assessed the appropriateness and presentation of
disclosures against relevant accounting standards.

IT systems and controls

Our audit procedures have a focus on IT systems and We tested the design and operating effectiveness of the
controls due to the pervasive nature and complexity of Company’s IT access controls over the information systems
the IT environment, the large volume of transactions that are critical to financial reporting. We tested IT general
processed in numerous locations daily and the reliance controls (logical access, changes management and aspects
on automated and IT dependent manual controls. of IT operational controls). This included testing that
requests for access to systems were appropriately reviewed
Our areas of audit focus included user access and authorized. We tested the Company’s periodic review
management, developer access to the production of access rights. We inspected requests of changes to
environment and changes to the IT environment. These systems for appropriate approval and authorization. We
are key to ensuring IT dependent and application considered the control environment relating to various
based controls are operating effectively. interfaces, configuration and other application layer
controls identified as key to our audit.
Where deficiencies were identified, we tested compensating

controls or performed alternate procedures. In addition, we
understood where relevant, changes were made to the IT
landscape during the audit period and tested those changes
that had a significant impact on financial reporting.
Other Information
Management is responsible for the other information. The other information comprises all of the information in the
Annual Report other than the financial statements and our auditors’ report thereon. The Annual Report is expected to
be made available to us after the date of this auditor’s report. Our opinion on the financial statements does not cover
the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of
the financial statements, our responsibility is to read the other information identified above when it becomes available
and, in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have
performed, on the other information obtained prior to the date of this audit report, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of Management and Those Charged with Governance for the Financial Statements and Internal
Controls
Management is responsible for maintenance of the required books of accounts & records and preparation and fair
presentation of the financial statements of the Company in accordance with IFRSs as explained in note 2.02 to the
financial statements, and for such internal control as management determines in necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error. The Financial Institutions
Act, 1993 & the Bangladesh Bank Regulations require the Management to ensure effective internal audit, internal
control and risk management functions of the Company. The Management is also required to make a self-assessment
on the effectiveness of anti-fraud internal controls and report to Bangladesh Bank on instances of fraud and forgeries.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a
going concern, disclosed in note 2.01, as applicable, matters related to going concern and using the going concern basis
of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.
Those charged with governance are responsible for overseeing the Company’s financial reporting process.

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of this financial statements.

As part of an audit in accordance with IASs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based
on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may
cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing
of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during
our audit.
Report on other Legal and Regulatory Requirements

In accordance with the Companies Act 1994, the Securities and Exchange Rules 1987, the Financial Institutions Act,
1993 and the rules and regulations issued by Bangladesh Bank, we also report that:
(i) We have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purpose of our audit and made due verification thereof;
(ii) In our opinion, proper books of accounts as required by law have been kept by the Company so far as
it appeared from our examination of those books;
(iii) the balance sheet and profit and loss account together with the annexed notes dealt with by the
report are in agreement with the books of account and returns;
(iv) the expenditures incurred were for the purpose of the Company’s business for the year;
(v) the financial statements of the Company have been drawn up in conformity with the Financial
Institutions Act, 1993 and in accordance with the accounting rules and regulations which were issued
by Bangladesh Bank to the extent applicable to the Company;
(vi) provisions have been made for loans, advances, leases, investment and other assets which are, in our
opinion, doubtful of recovery and Bangladesh Bank`s instructions in this regard have been followed
properly;
(vii) the financial statements of the Company conform to the prescribed standards set in the accounting
regulations which were issued by Bangladesh Bank after consultation with the professional accounting
bodies of Bangladesh;
(viii) the records and statements which were submitted by the branches have been properly maintained
and recorded in the financial statements;
(ix) statements sent to Bangladesh Bank have been checked on sample basis and no inaccuracy has
come to our attention;

(x) taxes and other duties were collected and deposited in the government treasury by the Company as
per Government instructions found satisfactory based on test checking;
(xi) nothing has come to our attention that the Company has adopted any unethical means i.e. `Window
dressing’ to inflate the profit and mismatch between the maturity of assets and liabilities;
(xii) proper measures have been taken to eliminate the irregularities mentioned in the inspection report of
Bangladesh Bank and the instructions which were issued by Bangladesh Bank and other regulatory
authorities have been complied properly as disclosed to us by management;
(xiii) based on our work as mentioned above under the auditor’s responsibility section, the internal control
and the compliance of the Company is satisfactory,
and effective measures have been taken to prevent possible material fraud, forgery and internal
policies are being followed appropriately;
(xiv) the company has complied with relevant laws pertaining to capital, reserve and net worth, cash and
liquid assets and procedure for sanctioning and disbursing loans/leases found satisfactory;
(xv) we have reviewed over 80% risk weighted assets to the financial statements of the Company and
we have spent around 1,862 person hours for the audit of the books and accounts of the Company;
(xvi) the Company has complied with relevant instructions which were issued by Bangladesh Bank relevant
to classification, provisioning and calculation of interest suspense;
(xvii) the Company has complied with the Financial Institutions Act, 1993 in preparing these financial
statements;
_____________________
Senior Partner
Enrolment No: 0670
Dated: 27 April, 2022 DVC: - 2204270670AS891750

Balance Sheet
Amount in BDT
2021 2020
PROPERTY AND ASSETS:

Cash and Cash Equivalents: 30,209,032 26,405,838
Cash 2,685,676 639,421
In hand 548,718 5,351
Balance with Bangladesh Bank and its agent bank 2,136,958 634,070
Balance with other Banks and Financial Institutions 27.523,356 25,766,417
Money at Call and Short Notice - -
Investments - -
Loans and Advances: 2,662,491,652 2,256,985,746
Loans, cash credit and overdrafts etc. 2,662,491,652 2,256,985,746
Fixed Assets including Premises, Furniture and Fixtures: 13,778,671 6,733,032

Other Assets: 182,595,840 115,367,927
Non-financial Institution Assets - -
Total Assets 2,889,075,194 2,405,492,543
LIABILITIES & CAPITAL:

Liabilities:
Borrowings from other Banks, Financial Institutions and agents 1,041,468,113 704,879,113
Deposit and Other Accounts: - -
Other Liabilities 355,418,061 265,061,035
Total Liabilities 1,396,886,174 969,940,148
Shareholders’ Equity /Capital:

Share Capital 1,000,000,000 1,000,000,000
Statutory Reserve 90,473,928 75,146,603
General Reserve 54,731,264 54,731,264
Retained Earnings 346,983,828 305,674,528
Total Shareholders’ Equity 1,492,189,020 1,435,552,395
Total Liabilities and Shareholders’ Equity 2,889,075,194 2,405,492,543
Off Balance Sheet Items:
Contingent liabilities - -
Letters of guarantee - -
Irrevocable letters of credit - -
Indemnity bond - -
Other commitments
Undisbursed contracted loans - -
Total Off-Balance Sheet Items - -
Net Asset Value Per Share 149.22 143.56
Head of Accounts Managing Director Director Chairman
____________________
Senior Partner
Enrolment No: 0670

Amount in BDT
2021 2020
Operating Income: 287,224,201 256,256,488

Interest income 334,018,277 292,526,676
Interest paid on deposits, borrowings etc. (46,794,076) (36,270,188)
Net Interest Income: 287,224,201 256,256,488

Other operating income 6,537,988 4,358,683
Total Operating Income (A) 293,762,189 260,615,170
Operating Expenses:
Salaries and allowances 102,224,127 97,075,492
Rent, taxes, insurance, electricity etc. 5,462,154 6,306,536
Postage, stamp, telecommunication etc. 442,706 409,710
Stationery, printing, advertisement etc. 1,583,375 1,402,416
Chief Executive Officer’s salary and allowances 1,960,000 597,096
Directors’ fees 248,000 304,000
Auditors’ fees 350,000 244,000
Depreciation and Repair of Company’s assets 4,209,798 3,465,536
Other expenses 5,655,199 6,080,100
Total Operating Expenses (B) 122,221,930 116,292,008
Profit/(Loss) before Amortization, Provision & Tax (C)=(A-B) 171,540,259 144,323,163
Provision for loans and advances 21,224,755 8,496,746

Provision for incentive bonus 10,000,000 10,000,000
Provision for other assets - -
Total Provision (D) 31,224,755 18,496,746
Net Profit/(Loss) Before Tax (E)= (C-D) 140,315,504 125,826,417
Provision for Tax : 63,678,879 62,390,099
Current tax 63,375,388 54,428,088
Prior tax - 8,076,265
Deferred tax 303,491 (114,254)
Net profit/(loss) after tax 76,636,625 63,436,318
Less: Appropriations 15,327,325 12,687,264

Transferred to statutory reserve 15,327,325 12,687,264
Transferred to general reserve - -
Retained Surplus 61,309,300 50,749,054
Earnings Per Share (EPS) 7.66 6.34
____________________
Senior Partner
Enrolment No: 0670

Amount in BDT
Revaluation Reserve
Statutory General Retained
Particulars Paid up Capital on Government Total

Reserve Reserve Earnings
Securities
Opening Balance as at 01 January 2021 1,000,000,000 - 75,146,603 54,731,264 305,674,528 1,435,552,395
Prior Year Adjustments - - - - - -
Adjustment of advance tax - - - - - -
Restated balance 1,000,000,000 - 75,146,603 54,731,264 305,674,528 1,435,552,395
General reserve - - - - -
Surplus/deficit on account of revaluation of properties - - - - - -
Bonus share issue - - - - - -
Cash dividend - - - - (20,000,000) (20,000,000)
Issue right share - - - - - -
Net profit for the year ended 31 December 2021 - - - - 76,636,625 76,636,625
Statutory reserve - - 15,327,325 - (15,327,325) -
Total Balance as at 31 December 2021 1,000,000,000 - 90,473,928 54,731,264 346,983,828 1,492,189,020
Total Balance as at 31 December 2020 1,000,000,000 - 75,146,603 54,731,264 305,674,528 1,435,552,395

Amount in BDT
2021 2020

Interest receipts in cash 307,181,620 271,886,672
Interest payments (45,590,389) (36,263,921)
Cash payment to employees (116,527,191) (106,811,072)
Cash receipts from other activities 6,537,988 4,358,683
Receipts from other operating activities - -
Payments for other operating activities (14,835,584) (15,100,267)
Income Tax Paid (65,944,196) (54,858,798)
Operating profit /(loss) before changing operating assets and liabilities 70,822,249 63,211,297
(Increase) / decrease in operating assets (1,269,215,000) (941,095,000)

Loan to customers (1,269,215,000) (941,095,000)
Receivable form Agrani Bank Ltd. - -
Increase/(decrease) in operating liabilities 889,917,229 654,708,409

Deposit from customers - -
Other liabilities 3,001,475 (54,105,136)
Loan recovered from customers 886,915,754 708,813,544
Net cash from operating activities (A) (308,475,523) (223,175,295)

Other Assets (174,187) 10,874,718
Sales/(Purchase) of properties, plant & equipments (4,136,095) (4,735,890)
Net cash from investing activities (B) (4,310,282) 6,138,828
Receipt/(payment) of long term borrowings - -
Receipt/(payment) from other borrowings 336,588,999 182,083,921
Cash dividend paid (20,000,000) -
Net cash from financing activities (C) 316,588,999 182,083,921
Net increase in cash and cash equivalents (A+B+C) 3,803,194 (34,952,546)
Cash and cash equivalents at the beginning of the year 26,405,838 61,358,383
Cash and cash equivalents at the end of the year 30,209,032 26,405,838
Dhaka
Dated: 27 April, 2022

Liquidity Statement
Amount in BDT
Not more than 1 3-12 months Above 5 years
Particulars 1-3 months term 1-5 years term Total
month term term term

Assets
Cash in hand (including balance with Bangladesh Bank) 2,685,676 - - - - 2,685,676
Balance with other banks and financial institutions 27,523,356 - - - - 27,523,356
Money at call and short notice - - - - - -
Investments - - - - - -
Loans, advances and leases 140,750,012 282,052,906 1,151,993,672 1,087,695,062 - 2,662,491,652
Fixed assets - - - - 13,778,671 13,778,671
Other assets - 4,628 181,288,947 - 1,302,265 182,595,840
Total assets 170,959,044 282,057,534 1,333,282,619 1,087,695,062 15,080,936 2,889,075,195
Liabilities
Borrowing from other banks and financial institutions - - 1,041,468,113 - - 1,041,468,113
Deposits and other accounts - - - - - -
Provision and other liabilities - 259,946 27,386,822 194,358,113 133,413,180 355,418,061
Total liabilities - 259,946 1,068,854,935 194,358,113 133,413,180 1,396,886,174
Net Liquidity Gap 2021 170,959,044 281,797,588 264,427,684 893,336,949 (118,332,245) 1,492,189,020
Net Liquidity Gap 2020 156,437,607 260,540,635 430,061,533 690,384,522 (101,871,903) 1,435,552,395
Net result of the Liquidity Statement represents the Shareholders’ Equity of the Company.

Auditor’s Report &
Audited Financial
Statements
Agrani Remittance House

SDN. BHD., Malaysia

Directors’ Report
Agrani Remittance House Sdn. Bhd., Malaysia
For the year ended 31 December, 2021
DIRECTORS’ REPORT
The directors hereby submit their report together with the audited financial statements of the Company for the financial
year ended 31 December 2021.
PRINCIPAL ACTIVITY
The principal activity of the company during the financial year is that of providing remittance services and it is licensed
under Money Services Business Act, 2011 of Bank Negara Malaysia. There has been no significant change in this principal
activity during the financial year.
RESULTS
RM
Loss for the year (372,939)
DIVIDENDS
No dividends have been paid or declared since the end of the previous financial year. The directors do not recommend
that a dividend to be paid in respect of the current financial year.
RESERVES AND PROVISIONS

There were no material transfers to or from reserves or provisions except as disclosed in the financial statements.
SHARES AND DEBENTURES

The Company did not issue any new shares or debentures during the financial year.
SHARE OPTIONS
No shares have been issued during the financial year by virtue of the exercise of any option to take up unissued shares of
the Company. As at the end of the financial year, there were no unissued shares of the Company under options.
DIRECTORS
The directors of the Company in office at any time during the financial year and since the end of the financial year up to
the date of this report are:
Dr. Zaid Bakht
Khaled Murshed Rizvi
Mohammad Zahirul Islam
DIRECTORS’ BENEFITS
During and at the end of the financial year, no arrangements subsisted to which the Company is a party, with the object or
objects of enabling directors of the Company to acquire benefits by means of the acquisition of shares in, or debentures
of, the Company or any other body corporate.
Since the end of the previous financial year, no director has received or become entitled to receive a benefit (other than
a benefit included in the aggregate amount of remunerations received or due and receivable by the directors shown in
the financial statements or the fixed salary of a full-time employee of the Company) by reason of a contract made by the
Company or a related corporation with the director or with a firm of which the director is a member, or with a company in
which the director has a substantial financial interest.
DIRECTORS’ INTERESTS
According to the register of directors’ shareholdings under section 59 of the Companies Act 2016, none of directors in
office at the end of the financial year held any shares in the Company or its related corporations during the financial year
ended 31 December 2021..

Directors’ Report
DIRECTORS’ REMUNERATIONS
The amounts of the remunerations of the directors or past directors of the Company comprising remunerations
received/receivable from the Company during the financial year, as follows:
2021
RM
0
Fees 14,000
Remunerations 182,207
196,207
None of the directors or past directors of the Company have received any other benefits otherwise than in cash from
the Company during the financial year.
No payment has been paid to or receivable by any third party in respect of the services provided to the Company by the
directors or past directors of the Company during the financial year.
INDEMNIFYING DIRECTORS, OFFICERS OR AUDITORS

No indemnities have been given to or insurance effected for, during or since the end of the financial year, any person who
is or has been the director, officer or auditor of the Company.
OTHER STATUTORY INFORMATION
Before the financial statements of the Company were prepared, the directors took reasonable steps:
(a) to ascertain that proper action had been taken in relation to the writing-off of bad debts and the making of
allowance for doubtful debts, and have satisfied themselves that all known bad debts had been written-off and
that adequate allowance had been made for doubtful debts; and
(b) to ensure that any current assets which were unlikely to be realised at their book values in the ordinary course of
business have been written down to their estimated realisable values.
As at the date of this report, the directors are not aware of any circumstances:
(a) which would render the amount written off for bad debts or the amount of the allowance for doubtful debts
inadequate to any substantial extent in the financial statements of the Company; or
(b) which would render the values attributed to current assets in the financial statements of the Company misleading;
or
(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the
Company misleading or inappropriate; or
(d) not otherwise dealt with in this report or financial statements which would render any amount stated in the
financial statements of the Company misleading.
As at the date of this report, there does not exist:

(a) any charge on the assets of the Company which has arisen since the end of the financial year and secures the
liability of any other person; or
(b) any contingent liability of the Company which has arisen since the end of the financial year.
No contingent or other liability has become enforceable, or is likely to become enforceable within the period of twelve
months after the end of the financial year which, in the opinion of the directors, will or may substantially affect the ability
of the Company to meet its obligations as and when they fall due.
In the opinion of the directors:

(a) the results of the operations of the Company during the financial year were not substantially affected by any
item, transaction or event of a material and unusual nature.

Directors’ Report
(b) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the
financial year and the date of this report which is likely to affect substantially the results of operations of the
Company for the financial year in which this report is made.
HOLDING COMPANY
Agrani Bank Limited, is an financial intuition incorporated in Bangladesh which is also regarded by the directors as the
holding company.
AUDITORS’ REMUNERATIONS
Total amounts paid to or receivable by the auditors as remunerations for their services as auditors are as follows:
2021
RM
0
Statutory audit 12,000
12,000
AUDITORs
The retiring auditors, Messrs. Ahamad Naina Mydin & Associates, have indicated their willingness to be re-appointed.
Approved by the Board and signed on behalf of the Directors
Dr. Zaid Bakht

Director

Director

Director
Mohammad Zahirul Islam
Director
Kuala Lumpur
Dated : 22 Feb 2022

Directors’ Report
STATEMENT BY DIRECTORS
Pursuant to Section 251 (2) of the Companies Act 2016
The directors of Agrani Remittance House Sdn. Bhd. state that, in the opinion of the directors, the financial statements are
drawn up in accordance with Malaysian Financial Reporting Standards (MFRSs) and the requirements of the Companies
Act, 2016 in Malaysia so as to give a true and fair view of the financial position of the Company as at 31 December 2021
and financial performance of the Company for the financial year ended 31 December 2021.
Approved by the Board and signed on behalf of the DirectorsApproved by the Board and signed on behalf of the Directors
Dr. Zaid Bakht

Director

Director
Kuala Lumpur
Dated : 22 Feb 2022

Directors’ Report


Report on the Audit of the Financial Statements

Opinion
We have audited the financial statements of Agrani Remittance House Sdn. Bhd., which comprise the statement of
financial position as at 31 December 2021, and the statement of comprehensive income, statement of changes in
equity and statement of cash flows for the financial year then ended, and notes to the financial statements, including a
summary of significant accounting policies, as set out on pages 13 to 42.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Company as
at 31 December 2021, and of its financial performance and its cash flows for the financial year then ended in accordance
with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the
Companies Act 2016 in Malaysia.
Basis for Opinion
We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on
Auditing. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit
of the Financial Statements section of our report. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Independence and Other Ethical Responsibilities
We are independent of the Company in accordance with the By-Laws (on Professional Ethics, Conduct and Practice)
of the Malaysian Institute of Accountants (‘By-Laws’) and the International Ethics Standards Board for Accountants’
International Code of Ethics for Professional Accountants (including International Independence Standards) (‘IESBA
Code’), and we have fulfilled our other ethical responsibilities in accordance with the By-Laws and the IESBA Code.
Information Other than the Financial Statements and Auditors’ Report Thereon
The directors of the Company are responsible for the other information. The other information comprises the Directors’
Report but does not include the financial statements of the Company and our auditors’ report thereon.
Our opinion on the financial statements of the Company does not cover the Directors’ Report and we do not express any
form of assurance conclusion thereon.
In connection with our audit of the financial statements of the Company, our responsibility is to read the Directors’
Report and, in doing so, consider whether the Directors’ Report is materially inconsistent with the financial statements
of the Company or our knowledge obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of the Directors’ Report, we
are required to report that fact. We have nothing to report in this regard.
Responsibilities of the Directors for the Financial Statements
The directors of the Company are responsible for the preparation of financial statements of the Company that give a true
and fair view in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards
and the requirements of the Companies Act 2016 in Malaysia. The directors are also responsible for such internal control
as the directors determine is necessary to enable the preparation of financial statements of the Company that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements of the Company, the directors are responsible for assessing the Company’s ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no
realistic alternative but to do so.
Auditors’ Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements of the Company as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with approved standards on auditing in Malaysia and International Standards on Auditing will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or
in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial statements.

As part of an audit in accordance with approved standards on auditing in Malaysia and International Standards on
Auditing, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 I dentify and assess the risks of material misstatement of the financial statements of the Company, whether due
to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control.
 btain an understanding of internal control relevant to the audit in order to design audit procedures that are
O
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control.
 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.
 onclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based
C
on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that
may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures
in the financial statements of the Company or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future
events or conditions may cause the Company to cease to continue as a going concern.
 Evaluate the overall presentation, structure and content of the financial statements of the Company, including
the disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Other Matters
This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies
Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of
this report.
AHAMAD NAINA MYDIN & ASSOCIATES AHAMAD NAINA BIN MOHAMED MYDIN
[ NO. AF. 0938] [ Approval Number; 01468/12/20222 j]
Kuala Lumpur
Dated : 22 Feb 2022

2021 2020
RM RM
NON-CURRENT ASSETS
Property, plant and equipment 608,938 687,372
Right-of-use assets 1,405,658 1,914,692

2,014,596 2,602,064
CURRENT ASSETS
Trade receivables 648,077 862,852
Other receivables, deposits and prepayments 265,265 245,265

Tax recoverable 106,944 45,831
Fixed deposits 3,050,000 3,000,000
Cash and bank balances 811,683 1,576,476

4,881,969 5,730,424
CURRENT LIABILITIES
Trade payables 235,770 719,628
Other payables and accruals 1,424,896 1,972,670
Amount due to a holding company 2,325,180 2,356,532

3,985,846 5,048,830
NET CURRENT ASSETS 896,123 681,594
2,910,719 3,283,658
FINANCED BY:
CAPITAL AND RESERVES
Share capital 3,000,000 3,000,000

Retained earnings / (Accumulated losses) (105,596) 267,343
SHAREHOLDERS' EQUITY 2,894,404 3,267,343
NON-CURRENT LIABILITY
Deferred tax liability 16,315 16,315

16,315 16,315
2,910,719 3,283,658

Statement of Comprehensive Income
2021 2020
RM RM
Revenue 775,820 1,236,701
Gross profit 775,820 1,236,701
Other operating income 684,885 1,276,224

Distribution expenses (2,106) (2,125)
Administration expenses (1,310,553) (1,791,759)
Other operating expenses (521,250) (175,888)
Profit before taxation (373,204) 543,153
Income tax expense 265 (174,005)
Profit for the year (372,939) 369,148

Accumulated
Share capital Losses/Profits Total
RM RM RM
As at 1 January 2020 3,000,000 (101,805) 2,898,195
Profit for the year - 369,148 369,148
As at 31 December 2020 / 1 January 2021 3,000,000 267,343 3,267,343
Loss for the year - (372,939) (372,939)
As at 31 December 2021 3,000,000 (105,596) 2,894,404

Cash Flow Statement
2021 2020
RM RM
CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation (373,204) 543,153
Adjustments for:
Depreciation of property, plant and equipment 84,721 84,721
Depreciation of right-of-use assets 388,427 455,263
Under provision of depreciation of property, plant and equipment 30,250
Loss on disposal of assets - 15,153
Operating profit before working capital changes 99,944 1,128,540
Receivables 194,775 (330,359)
Payables (1,423,846) (738,606
Cash (used in)/generated from operations (1,129,127) 408,247
Tax refunded - -
Increase in tax paid (60,848) (109,183)
Net cash (used in)/generated from operating activities (1,189,975) (942,351)
CASH FLOWS FROM INVESTING ACTIVITY

Purchase of property, plant and equipment (2,500) -
Right-of-use assets 509,034 (2,369,955)
Net cash used in investing activity 506,534 (2,369,955)
CASH FLOWS FROM FINANCING ACTIVITY

Repayment to holding company (31,352) (219,805)
Net cash used in financing activity (31,352) (219,805)
Net (decrease)/increase in cash and cash equivalents (714,793) (1,162,156)

Cash and cash equivalents at beginning of the year 4,576,476 5,738,632
Cash and cash equivalents at end of the year 3,861,683 4,576,476
CASH AND CASH EQUIVALENTS COMPRISE

Cash in hand 1,986 4,662
Cash at bank 809,697 1,571,814
Fixed deposit 3,050,000 3,000,000
3,861,683 4,576,476

Agrani Exchange House
Private Limited, Singapore
Financial Statements

Agrani Exchange House Private Limited
(Incorporated in the Republic of Singapore)
Co. Reg. No. 200200048D
DIRECTORS’ STATEMENT
The directors present their statement to the member together with the audited financial statements of the Company for
the financial year ended 31 December 2021.
OPINION OF THE DIRECTORS

In the opinion of the directors,
(a) the financial statements of the Company are drawn up so as to give a true and fair view of the financial position of
the Company as at 31 December 2021 and of the financial performance, changes in equity and cash flows of the
Company for the financial year ended on that date; and
(b) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its
debts as and when they fall due.
DIRECTORS
The directors of the Company in office at the date of this statement are as follows:
Zaid Bakht
Mohammad Shams – Ul Islam
Abu Suja Mohammed Shariful Islam
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE BENEFITS BY MEANS OF THE ACQUISITION OF SHARES

AND DEBENTURES
Neither at the end of the financial year nor at any time during the financial year did there subsist any arrangement to
which the Company is a party, being arrangements whose objects are, or one of whose objects is, to enable the directors
of the Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other
body corporate.
DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES

According to the register kept by the Company for the purposes of section 164 of the Singapore Companies Act, Chapter
50, the interests of the directors, who held office at the end of the financial year in the shares of the Company were as
follows:
DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES (Cont’d)
Direct interest
At beginning At end of
of financial financial
Name of directors year year
The Company
(Ordinary shares)
Zaid Bakht - -
Mohammad Shams – Ul Islam - -
Abu Suja Mohammed Shariful Islam - -

Co. Reg. No. 200200048D
Except as disclosed in this statement, no director who held office at the end of the financial year had interests in shares,
share options, warrants or debentures of the Company, or of the related corporation, either at the beginning of the
financial year, or at the end of the financial year.
SHARE OPTIONS
During the financial year, there were:
• no options granted by the Company to any person to take up unissued shares of the Company; and
• no shares issued by virtue of any exercise of option to take up unissued shares of the Company.
At the end of the financial year, there were no unissued shares of the Company under option.
AUDITORS
The auditors, C. C. Yang & Co., have expressed their willingness to accept re-appointment.
On behalf of the Board of Directors
Abu Suja Mohammed Shariful Islam

CEO & Director
Mohammad Shams – Ul Islam

Director
9 March 2022

Co. Reg. No. 200200048D
Report on the Audit of the Financial Statements
Opinion
We have audited the financial statements of Agrani Exchange House Private Limited (the “Company”), which comprise the statement of
financial position as at 31 December 2021, and the statement of profit or loss and other comprehensive income, statement of changes in
equity and statement of cash flows of the Company for the financial year then ended, and notes to the financial statements, including a
summary of significant accounting policies.
In our opinion, the accompanying financial statements are properly drawn up in accordance with the provisions of the Companies Act,
Chapter 50 (the “Act”) and Financial Reporting Standards in Singapore (FRSs) so as to give a true and fair view of the financial position of
the Company as at 31 December 2021 and of the financial performance, changes in equity and cash flows of the Company for the financial
year ended on that date.
Basis for Opinion

We conducted our audit in accordance with Singapore Standards on Auditing (SSAs). Our responsibilities under those standards are further
described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Com-
pany in accordance with the Accounting and Corporate Regulatory Authority (ACRA) Code of Professional Conduct and Ethics for Public
Accountants and Accounting Entities (ACRA Code) together with the ethical requirements that are relevant to our audit of the financial
statements in Singapore, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ACRA Code.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Other Information
Management is responsible for the other information. The other information comprises the Directors’ Statement set out on pages 1 and 2.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise
appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of Management and Directors for the Financial Statements
Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the provisions of the
Act and FRSs, and for devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that
assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded
as necessary to permit the preparation of true and fair financial statements and to maintain accountability of assets.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, dis-
closing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends
to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The directors’ responsibilities include overseeing the Company’s financial reporting process.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level assurance,
but is not a guarantee that an audit conducted in accordance with SSAs will always detect a material misstatement when it exists. Misstate-
ments can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SSAs, we exercise professional judgement and maintain professional scepticism throughout the
audit. We also:
● Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our

Co. Reg. No. 200200048D
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
● Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the cir-
cumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
● Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures
made by management.
● Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence
obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s
ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions
may cause the Company to cease to continue as a going concern.
● Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the finan-
cial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Auditor’s Responsibilities for the Audit of the Financial Statements (Cont’d)
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit
findings, including any significant deficiencies in internal control that we identify during our audit.
Report on Other Legal and Regulatory Requirements

In our opinion, the accounting and other records required by the Act to be kept by the Company have been properly kept in accordance
with the provisions of the Act.
C.C. YANG & CO.

PUBLIC ACCOUNTANTS AND
CHARTERED ACCOUNTANTS
SINGAPORE
9 March 2022

Statement of Profit or Loss and the Comprehensive Income
(Expressed in Singapore Dollars)
2021 2020
$ $
Revenue 1,232,322 1,260,487
Other Items of Income
Foreign Currency Gains 471,569 556,822

Other Income 129,737 105,950
Other Items of Expense
Employee Benefits Expense (524,966) (488,523)

Depreciation of Property, plant and Equipment (35,288) (31,753)
Depreciation of Right-of-Use Assets (316,185) (307,455)
Finance Costs (22,870) (23,133)
Other Expenses (618,052) (548,454)
Profit Before Tax from Continuing

Operations 316,267 523,941
Income Tax Expense (36,654) (68,252)
Profit from Continuing Operations,

Net of Tax 279,613 455,689
Other Comprehensive Income
Other Comprehensive Income, Net of Tax - -
Total Comprehensive Income $ 279,613 $ 455,689

2021 2 0 20
$ $
ASSETS
Non-Current Assets
Property, Plant and Equipment 65,077 62,957
Right-of-Use Assets 302,158 589,077
Total Non-Current Assets 367,235 652,034
Current Assets
Other Receivables 342,891 533,914
Prepayments 5,829 9,939
Fixed Deposits 602,602 602,558
Cash and Bank Balances 2,728,747 3,590,870
Total Current Assets 3,680,069 4,737,281
Total Assets $ 4,047,304 $5,389,315
EQUITY AND LIABILITIES
Equity
Share Capital 1,000,000 1,000,000
Retained Earnings 1,907,970 1,628,357
Total Equity 2,907,970 2,628,357
Non-Current Liabilities
Deferred Tax Liabilities 7,418 8,392
Lease Liabilities 31,044 294,443
Total Non-Current Liabilities 38,462 302,835
Current Liabilities
Income Tax Payable 37,637 80,593
Trade and Other Payables 779,975 2,073,457
Lease Liabilities 283,260 304,073
Total Current Liabilities 1,100,872 2,458,123
Total Liabilities 1,139,334 2,760,958
Total Equity and Liabilities $ 4,047,304 $ 5,389,315

Statement of Changes In Equity
Total Equity Share Capital Retained Earnings

$ $ $
Opening Balance at 1/1/2021 2,628,357 1,000,000 1,628,357
Total Comprehensive Income for the Year

279,613 - 279,613
Closing Balance at 31/12/2021
$ 2,907,970 $ 1,000,000 $ 1,907,970
Opening Balance at 1/1/2020 2,172,668 1,000,000 1,172,668
Total Comprehensive Income for the Year

455,689 - 455,689
Closing Balance at 31/12/2020
$ 2,628,357 $ 1,000,000 $ 1,628,357

2021 2 0 20
$ $
Operating Activities
Profit Before Tax from Continuing Operations 316,267 523,941
Total Adjustments 366,156 333,080
Depreciation of Property, Plant and

Equipment 35,288 31,753
Depreciation of Right-of Use Assets 316,185 307,455
Interest Income (22) (5,707)
Interest Expense 22,870 23,133
Rent Concessions (8,165) (23,554)
Operating Cash Flows Before Changes in Working Capital 682,423 857,021
Total Changes In Working Capital (1,110,014) (352,267)
Decrease(Increase) in Other Receivables 179,358 (219,228)

Decrease(Increase) in Prepayments 4,110 ( 4,118)
Increase (Decrease) in Trade and Other Payables (1,293,482) (128,921)
Cash Flows From Operations (427,591) 504,754

Income Tax Paid (80,584) -
Interest Received 44 10,610
Net Cash Flows From Operating Activities (508,131) 515,364
Investing Activities
Purchase of Property, Plant and Equipment (37,408) (17,627)
Increase in Amount Owing from Holding Company 11,643 (11,643)
Net Cash Flows Used In Investing Activities (25,765) (29,270)
Financing Activities
Payment of Lease Liabilities (328,183) (302,522)
Increase (Decrease) in Amount Owing to Holding Company - (164,258)
Net Cash Flows Used In Financing Activities 15 (328,183) (466,780)
Net Increase in Cash and Cash Equivalent 15 (862,079) 19,314

Cash and Cash Equivalents, Statement of Cash Flows, Beginning Balance 4,193,428 4,174,114
Cash and Cash Equivalents, Statement of

Cash Flows, Ending Balance 12 $ 3,331,349 $ 4,193,428

Financial Statements

Balance Sheet
2021 2020
$ $
ASSETS
Current Assets
Cash 95 95
Short Term lnsvestment - -
Interest receivable - -
Total Current Assets 95 95
Non-Current Assets
Properfy and Equipment - -
Restricted Cash - -
Preliminary E,xpenses - -
Total Non-Current Assets - -
Total Assets 95 95
LIABILITIES
Current Liabilities
Accounts payable and Accrued t.iabilities 57,966 49,051
Due to Holding Company 449,850 449,850
Total Current Liabilities 507,816 498,901
Non -Current Liabilities

Due to Holding Company - -
Total Non-Current Liabilities - -
Total Current & Non-Current Liabilities - 498,901
Shareholders Deficit
Issued Share Capital 100 100
Profit/Loss (8,915) (51,730)
Deficit opening Balance (498,906) (447.176)
Retain earnings (507,721) (498,806)
Total Liabilities 95 95

Profit and Loss Accounts
2021 2020
$ $
INCOME
Interest Income - -
Commission, exchange earnings and brokerage - -
Other operating income - 1,457
Total Operating Income - 1,457
EXPENDITURE
Salary and allowance - 17,502
Rent, taxes, insurance, electricity etc. - 6,000
Postage, stamp, telecommunication etc. - 1,286
Stationery, printing, advertisement etc. - 826
Directors’ fees - -
Auditors’ fees - -
Repair of bank’s assets - -
Depreciation - -
Other operating expenses - 14,974
Total Operating Expenses 8,915 53,187
Profit/(Loss) before Tax (8,915) (51,730)

Agrani Exchange Company
(Australia) Pty. Limited
Financial Statement

Agrani Exchange Company (Australia) Pty. Limited
As at 31 December, 2021
2021 2020
$ $
ASSETS
Current Assets
Cash and cash equivalents 259,242 259,242
Trade and other receivables 53,900 53,900
Plant and equipment - -
Total Current Assets 313,142 313,142
Non-Current Assets
Trade and other receivables - -
Plant and equipment 3,150 3,150
Total Non-Current Assets 3,150 3,150
Total Assets 316,292 316,292
LIABILITIES
Current Liabilities
Trade and other receivables 412,479 412,479
Total Current Liabilities 412,479 412,479
Non -Current Liabilities

Borrowings 528,734 528,734
Total Non-Current Liabilities 528,734 528,734
Total Liabilities 941,213 941,213
Net Assets (624,921) (624,921)
Equity
Issued Capital 50,000 50,000
Retained losses (674,921) (674,921)
Total Equity (624,921) (624,921)

NETWORK
Agrani Bank Limited

Head Office
Divisions
Credit Policy and Credit Risk Management Division International Trade and Foreign Currency
Management Division
Industrial Credit Division-1
Foreign Remittance Division
Industrial Credit Division-2
Law Division
Rural Credit Division
Central Accounts Division
SME Credit Division
Reconciliation Division
Recovery and NPA Management Division
Public Relations Division
Information Technology and MIS Division (IT)
Risk Management Division
Information Technology and MIS Division (MIS & CIB)
Audit & Inspection Division-1
Establishment and Engineering Division
Audit & Inspection Division-2
Procurement and Common Service Division (Common)
Audit Monitoring Division
Procurement and Common Service Division (Printing)
Audit Compliance (Internal) Division
Planning Co-Ordination and Marketing Division
Audit Compliance (External) Division
Branch and Subsidiaries Unit Control Division
Sustainable Finance Division
Treasury Division
Card Division
HR Planning Deployment and Operations Division (HR)
Anti Money Laundering & Combating Financing of
HR Planning Deployment and Operations Division (PD) Terrorism Division
HR Discipline Grievances and Appeal Division Credit Administration Division
HR Training Research and Development Division (ABTI) Islamic Banking Unit
Vigilance Division Special Study Cell
Company Affairs and Board Division Senior Management Team (SMT)
Name and Address

of Circles
Dhaka Circle-1 Dhaka Circle-2 Chattogram Circle
Jibon Bima Bhaban (2nd Floor) Jibon Bima Bhaban (2nd Floor) 37, Quaderi Chamber (2nd Floor)
10, Dilkusha C/A, Motijheel, 10, Dilkusha C/A, Motijheel, Agrabad C/A, Chattogram.
Dhaka-1000 Dhaka-1000
Khulna Circle Rajshahi Circle Barishal Circle

BDBL Bhaban (Level-4) 280/2, Housing State 454, Sadar Road,
25-26, KDA Commercial Area Upashahar, Rajshahi Agrani bhabon, Barishal.
Upper Jashore Road, Khulna.
Sylhet Circle Rangpur Circle Cumilla Circle

Elegant Shopping Mall Central Road, Rangpur Engineer Welfare Building (1st
(2nd Floor), Jallarpar Road, Floor), Water Development Board
Zindabazar, Sylhet Complex, Laksam Road, Tomsom
Bridge, Cumilla.
Mymensingh Circle Faridpur Circle

Agrani bank Bhaban (3rd Floor) Agrani Bank Bhabon (3rd Floor)
14, GK, M, C, Shaha Road, Chwakbazar, Faridpur.
Chotobazar, Mymensingh-2200.

Name of Zones with
Number of Branches
Sl No. Name of Zone No. of Branch Sl No. Name of Zone No. of Branch
1 Bagerhat 14 30 Kushtia 20
2 Barishal 24 31 Laxmipur 15
3 Bhola 10 32 Madaripur 11
4 Bogura 30 33 Manikgonj 12
5 Brahmanbaria 16 34 Moulvibazar 19
6 Chandpur 21 35 Munshigonj 14
7 Chapai Nawabgonj 13 36 Mymensingh 18
8 Chattogram Central 22 37 Narayangonj 11
9 Chattogram North 24 38 Narsingdi 13
10 Chattogram South 26 39 Natore 14
11 Chuadanga 15 40 Netrokona 12
12 Cumilla 32 41 Naogaon 12
13 Dhaka East 19 42 Noakhali 14
14 Dhaka North 15 43 Pabna 26
15 Dhaka South 20 44 Patuakhali 20
16 Dhaka West 19 45 Pirojpur 7
17 Dinajpur 17 46 Rajshahi 18
18 Faridpur 19 47 Rangpur 16
19 Feni 14 48 Satkhira 10
20 Gaibandha 11 49 Sirajgonj 20
21 Gazipur 19 50 Sylhet East 20
22 Gopalgonj 13 51 Sylhet West 21
23 Jamalpur 22 52 Tangail 27
24 Jasshore 31 53 Thakurgaon 10
25 Jhenaida 19
26 Joypurhat 9 Sub - total 926
27 Khulna 28 Corporate Branch 36
28 Kishoregonj 12 Total 962
29 Kurigram 12
List of
Corporate Branches
Principal Branch New Market Corporate Branch Shaheb Bazar Corporate Branch
9/D Dilkusha C/A, Motijheel, Dhaka 1000 886/904 H. S. Suhrawardy Road Shaheb Bazar, Boalia, Rajshahi 6100
Chattogram 4000
Amin Court Corporate Branch Laldighirpar Corporate Branch
62/63 Motijheel C/A, Dhaka 1000 Strand Road Corporate Branch Laldighirpar, Sylhet 3100
15 Strand Road, Chattogram 4100
Ramna Corporate Branch WASA Corporate Branch
18 Bangabandhu Avenue, Dhaka 1000 Banani Corporate Branch WASA Bhaban, 98 Kazi Nazrul Islam
Banani, Dhaka Avenue, Kawran Bazar, Dhaka 1215
Foreign Exchange Corporate Branch
1/B DIT Avenue, Motjheel, Dhaka 1000 B. WAPDA Corporate Branch Gulshan Corporate Branch
Ellal Chamber, Motijheel C/A, Dhaka 1000 Gulshan-1, Dhaka.
Bangabandhu Avenue Corporate Branch
32 Bangabandhu Avenue, Dhaka 1000 Dhaka Sheraton Hotel Corporate Branch Mohakhali Corporate Branch
Sheraton Hotel, Dhaka 1000 Mohakhali, Dhaka.
Purana Paltan Corporate Branch
56 Purana Paltan, Dhaka 1000 Green Road Corporate Branch Uttara Model Town Corporate Branch
28 Green Road, Dhaka 1205 Uttara, Dhaka.
Laldighi East Corporate Branch
1012-1013 Laldighi East, Chattogram 4100 Moulavibazar Corporate Branch Jatiya Press Club Corporate Branch, Dhaka
144 Mitford Road, Dhaka 18, Topkhana Road, Dhaka-1000
Commercial Area Corporate Branch
28 Sayada Court, Agrabad C/A Nawabpur Road Corporate Branch Gazipur Corporate Branch
Chattogram 4100 243-244 Nawabpur Road, Dhaka Gazipur
Agrabad Jahan Building Corporate Branch Sadarghat Corporate Branch Rajgang Corporate Branch
Jahan Building, 24 Agrabad C/A 3/7 Johnson Road, Sadarghat,Dhaka Cumilla
Chattogram 4100
Tejgaon Industrial Area Corporate Chawk Bazar Corporate Branch
Sir Iqbal Road Corporate Branch Branch 21 Chawk Bazar, Barishal 8200
25 Sir Iqbal Road, Khulna 9100 315/A, Tejgaon I/A
Rajshahi University Branch
Dhaka 1215
Asadgonj Corporate Branch Rajshahi
Haji Amir Ali Chowdhury Road Clay Road Corporate Branch
Islamic University Branch
Asadganj, Chattogram 4000 Clay Road, Khulna 9100
Shantidanga, Kushtia.
EPZ Corporate Branch Bangabandhu Road Corporate Branch
CEPZ Area, Chattogram 4100 Bangabandhu Road, Narayanganj 1400

List of
Authorised Dealer Branches
Sl No. Name & Address Phone Cable Address

1 Chawk Bazar Branch (0431) 64082 AGRANI BANK LTD., Barishal
21 Chawk Bazar, Barishal 8200 Fx 62426 BANGLADESH
2 Thana Road Branch (051) 66564 AGRANI BANK LTD., BOGRA
Thana Road, Bogura 5800 Fx 65012 BANGLADESH
3 Agrabad Jahan Building Corporate Branch (031) 716370 COMAGRANI
24, Agrabad C/A Fx 710152 CHITTAGONG
Chattogram 4100 TLX NO. 633020 ABJBC-BJ
4 Asadgonj Corporate Branch (031) 637728 ASADAGRANI

Haji Amir Ali Chowdhury Road 631083 CHITTAGONG
Asadgonj, Chattogram 4000 Fx 618507 TLX NO. 633161 AGASD-BJ
5 EPZ Corporate Branch (031) 800421 AGRANI BANK LTD., BAY SHOPING, CTG
CEPZ Area, Chattogram 4100 Fx 740926 TLX NO. 66235 ABCG-Bj
6 Commercial Area Corporate Branch (031) 716225 AGRAAGRANI
28 Sayada Court 2521220 CHITTAGONG
Agrabad C/A, Chattogram 4100 Fx 716225 TLX NO. 633079 BCCA-BJ
AGBKBDDH 015
7 Laldighi East Corporate Branch (031) 611373 AGRANI BANK LTD., CHITTAGONG
1012-1013 Laldighi East 610133, 611373 BANGLADESH
Chattogram 4100 630803-4 TLX NO. 66215 ABCG-BJ
Fx 610133 SWIFT: AGBKBDDH 017
8 New Market Corporate Branch (031) 611525 NEWAGRANI, CHITTAGONG

886/904 H. S. Suhrawardy Road Fx 635561 Tel: 611525
Chattogram 400 Fx 88-031-745926
9 Strand Road Corporate Branch (031) 631724 SALTAGRANI, CHITTAGONG

15 Strand Road 716113
Chattogram 4100
10 Rajganj Branch (081) 76022 AGRANI BANK LTD., COMILLA
Rajganj, Cumilla 3500 BANGLADESH
11 Amin Court Corporate Branch (02) 9550967 DILAGRANI, DHAKA
62/63 Motijheel C/A 955141 TLX NO. 632400 ABACD-BJ
Dhaka FX 9572045 SWIFT: AGBKBDDH 004
12 Banani Corporate Branch 8816279 BANANI-AGRANI

Banani, Dhaka DHAKA
13 Bangabandhu Avenue Corporate Branch (02) 9553242 AVENUE AGRANI, DHAKA
32 Bangabandhu Avenue, Dhaka 9555651 TLX NO. 642160 ABRD-BJ
9555642
14 B. WAPDA Corporate Branch (02) 9554157 WAPDAAGRANI, DHAKA
Ellal Chamber 9554283 TLX NO. 632549 ABD-BJ
Motijheel C/A, Dhaka 1000
15 Hotel Intercontinental Corporate Branch 8330130, 8330131 INTERAGRANI, DHAKA
Sheraton Hotel, Dhaka Tel/Fax 9348753
16 Foreign Exchange Corporate Branch (02) 7176449 FEAGRANI, DHAKA
1/B DIT Avenue, Motjheel 7176449, 9552319 TEL NO. 642501 ABFED-BJ
Dhaka 1000 9553602 SWIFT: AGBKBDDH 006
FAX 9567185
17 Green Road Corporate Branch (02) 8613679 GREENAGRANI, DHAKA
28 Green Road, Dhaka 1205 8631372 TEL NO. 842757 ABD-BJ
18 Moulavibazar Corporate Branch (02) 7314426 JOYAGRANI DHAKA
144 Mitford Road, Dhaka 7313424 TEL NO. 671260 ABM-BJ
SWIFT: AGBKBDDH 003
19 Nawabpur Road Corporate Branch (02) 9562679 NAWAGRANI, DHAKA
243-244 Nawabpur Road, Dhaka TEL NO. 632550 ABD-BJ
20 Principal Branch (02) 956077 jHEELAGRANI, DHAKA
9/D Dilkusha C/A 9561556 TEL NO. 642757 ABD-BJ
Motijheel, Dhaka 1000 9554497 632549 ABD-BJ
9553064 SWIFT: AGBKBDDH 001
21 Purana Paltan Corporate Branch (02) 9560011 9561049 PURANAGRANI, DHAKA

56 Purana Paltan, Dhaka 1000 9564769 TLX 632550 ABD-BJ
22 Ramna Corporate Branch (02) 7160070 GULAGRANI, DHAKA
18 Bangabandhu Avenue 9568744 TLX NO. 642160 ABRD-BJ
Dhaka 1000 9563086-88 SWIFT: AGBKBDDH 005
Fax 9554040

List of
Authorised Dealer Branches
Sl No. Name & Address Phone Cable Address

23 Sadarghat Corporate Branch (02) 7118594 SADARAGRANI, DHAKA
3/7 Johnson Road, Sadarghat, Dhaka 7123349 TLX NO. 671260 ABD-BJ
24 Tejgaon Industrial Area Corporate Branch (02) 9887426 TEJAGRANI, DHAKA
315/A, Tejgaon I/A, Dhaka 1215 9887858 TLX NO. 642757 ABD-BJ
25 Maldahpatty Branch (0531) 63306 AGRANI BANK LTD. Dinajpur
Dinajpur 5200 63102 TLX NO. 671524 ABDJP-BJ
26 Hakimpur Branch 05329-75351 HAKIM AGRANI
Bangla Hili, Dinajpur Hakimpur Branch
27 Faridpur Branch (0631) 61972 AGRANI BANK LTD., FARIDPUR
Faridpur 7800 63134, 63137 BANGLADESH
Fax 62508
28 Gazipur Branch (02) 9252202 AGRANI BANK LTD., GAZIPUR
Gazipur 1700 Fax 9252013 BANGLADESH
29 Jashore Branch (0421) 66516 COMAGRANI, Jashore
Jess tower, Jashore 7400 66175 TLX NO. 633421 ABJES-BJ
30 Clay Road Corporate Branch (041) 724024 AGRANI BANK LTD., KHULNA
Clay Road 723831 TLX NO. 62714 ABK-BJ
Khulna 9100 Ph./ Fax 720552 SWIFT: AGBKBDDH 023
31 Sir Iqbal Road Corporate Branch (041) 722949 COMAGRANI, KHULNA

25 Sir Iqbal Road 723713 TEL NO. 627214 ABK-BJ
Khulna 9100 724947
32 Bara Bazar Branch (071) 62336 AGRANI BANK LTD., KUSHTIA
14 N. S. Road Ph./ Fax 61866 BANGLADESH
Kushtia 7000
33 Bangabandhu Road Corporate Branch (02) 7630090 COMAGRANI
Bangabandhu Road 7630165 NARAYANGANJ
Narayangonj 1400 Ph./ Fax 7630173 TEL NO. 671525 ABNJ-BJ
34 Court Road Branch (02) 7631808 COURTAGRANI

Court Road Ph./ Fax 7631930 NARAYANGANJ
Narayangonj 1400 TEL NO. 671525 ABNJ-BJ
35 Choumuhani Branch (0321) 51867 AGRANIBANK, CHOWMUHANI

Choumuhani, Begumganj Fax 52057 NOAKHALI, BANGLADESH
Noakhali 3821
36 Shaheb Bazar Corporate Branch (0721) 776063 AGRANI BANK, RAJSHAHI
Shaheb Bazar, Boalia 772393 BANGLADESH
Rajshahi 6100 774208 SWIFT: AGBKBDDH 027
Fax 770642
37 Rangpur Main Branch (0521) 65437 AGRANI BANK LTD., RANGPUR
Central Road Fax 62393 TEL NO. 671521 AZRNP-BJ
Rangpur
38 Laldighirpar Corporate Branch (0821) 716177 AGRANI BANK LTD., SYLHET
Laldighirpar 717038 BANGLADESH
Sylhet 3100 725619 SWIFT: AGBKBDDH 021
Fax 710303
39 WASA Corporate Branch 02-9110082 (02) 9112267 AGRANI BANK LTD.WASA
98 Kazi Nazrul Islam Avenue 02-58157082 BRANCH, DHAKA.
Kawran Bazar, Dhaka 1215 02-9140680
02-9112267
40 Gulshan Corporate Branch 02-9884271 br9787@bangla.net
Gulshan-1, Dhaka 02-8824172
41 Mohakhali Corporate Branch 02-9848753 br6659@bangla.net
Mohakhali, Dhaka 02-9893553
42 Uttara Model Town Corporate Branch 01713253800 br8002@ bangla.net
Uttara, Dhaka
43 Tamabil Branch 01713254081 br10819@ bangla.net
Tamabil, Sylhet

Zonewise
List of Branches
1 Bagerhat Zone 8 Poradah Hat 19 Shaharasti 17 Sandwip 6 Brammanpara

1 Bagerhat 9 Raja Bazar 20 Station Road 18 Chattogram 7 Chandina
2 Badhal Bazar 10 Shibbati 21 Nischintapur University 8 Daudkandi
3 Bhaga Bazar 11 Sonatola 19 Pahartoli 9 Debiwar
4 Chitolmari 12 Talora 7 Chapai Nawabgonj 20 Fatehabad 10 Homna
5 Chulkathi Bazar 13 Thana Road Zone 21 Industrial Area 11 Madhabpur
6 Deypara Bazar 14 Tinmatha Railgate 1 Amnura 22 Jalalabad 12 Nimsar
7 Goalmath 15 Zianagar 2 Baroghoria 23 Ghahira 13 Rup Babu Bazar
8 Jatrapur 16 Bagbari 3 Binodpur 24 Rawzan 14 Shankuchail
9 Main Road 17 Bhatra 4 Chapai Nawabgonj 15 Jahapur
10 Mongla Port 18 Bogura 5 Chowdala 10 Chattogram 16 Amratoli Bazar
11 Morrelgonj Cantonment 6 Gobratola South Zone 17 Boxgonj Bazar
12 Munigonj 19 Dhunat 7 Khamar 1 Amirabad 18 Hasanpur
13 Polerhat 20 Khandar 8 Mobarakpur 2 Anwara 19 Housing Estate
14 Sannyashi Bazar 21 Madla 9 Monakahosa 3 Boalkhali 20 Jalam Bazar
22 Majhira 10 Rajarampur 4 Chatori 21 Juktikhula Bazar
2 Barishal Zone 23 Mirzapur 11 Rohanpur Chowmuhoni 22 Kasinagar
1 Amua Bazar 24 Nandigram 12 Sadarghat 5 Cox’s Bazar 23 Khila Bazar
2 Banaripara 25 Noymile Hat 13 Shibgonj 6 Dohazari 24 Laksham
3 Batazore 26 Saptapadi Market 7 Gunagori 25 Manoharpur
4 Bottala 27 Sherpur 8 Chattogram 8 Keranirhat 26 Medical College
5 Dhamura bandar 28 Sonka Central Zone 9 Khutakhali 28 Nangol Kot
6 Gournadi 29 Sultangonj 1 Amanat Khan 10 Maricha 29 Nasratpur
7 Jhalakati 30 Taranihat Sarak 11 Minnat Ali Hat 30 NatherPetua
8 Kashipur Bazar 2 Bahaddarhat B.T. 12 Mirzakil 31 Paduar Bazar
9 Lebubunia Hat 5 Brahmanbaria 3 Chaktai 13 Patiya 32 Tomsom Bridge
10 Motherkati Zone 4 Chatteswari Road 14 Sarwatoli
11 Muladi 1 Akhaura 5 Firinghee Bazar 15 Sattarhat 13 Dhaka West Zone
12 Nalcity 2 Ashugonj 6 Jubilee Road 16 Teknaf 1 Bank town
13 Padarhat Bazar 3 Bancharampur 7 Kapashgola 17 Aziznagar 2 Dhamrai
14 Paisar Hat 4 Bangura Bazar 8 Khatungonj 18 Bandarban 3 Dhanmondi
15 Puran Bazar 5 Bitghar 9 Lalkhan Bazar 19 Banorupa 4 Gabtoli
16 Rahut Kathi Bandar 6 Brahmanbaria 10 Press Club 20 Chandraghona 5 Jahangir Nagar Uni.
17 Rupatali 7 Chandura Bazar 11 Reazuddin Bazar 21 Ichakali 6 Mohammadpur
18 Ranir Hat 8 Jagat Bazar 12 Sadarghat 22 Kaptai 7 Nawar Hat
19 Sadar Road 9 Kasba 13 Isanagar 23 Khagrachari 8 Paribesh Bhaban
20 Satla Bazar 10 Lalpur Bazar 14 Artillary Centre 24 Ramgar 9 Rayer Bazar
21 Shekher Hat 11 Nabinagar 15 Ashkardighi 25 Rangamati 10 Satmosjid Road
22 torky Bandar 12 Salimgonj 16 Khulshi 26 Shanti Niketon 11 Savar
23 Ulania 13 Shahpur 17 Ctg. Air Base 12 Shyamoli
24 Steamerghat 14 Shibpur 18 Halishahar 11 Chuadanga Zone 13 Shimulia
15 Sarail 19 Medical College 1 Alamdanga 14 Bangla Academy
3 Bhola Zone 16 T.A. Road 20 Port 2 Andulbaria 15 Dhaka University
1 Bangla Bazar 21 Sk.Mujib Road 3 Asmankhali 16 Elephant Road
2 Bhola 6 Chandpur Zone 22 Steelmill 4 Bamon Para 17 Jatiya Jadughar
3 Borhanuddin 1 Algee Bazar 5 Bamundi Bazar 18 New Market
4 Char Shashibhusion 2 Babur Hat 9 Chattogram North 6 Chuadanga 19 Sonargaon Road
5 Charfession 3 Balithuba Zone 7 Darsana
6 Dalatkhan 4 Beltali Bazar 1 Amirhat 8 Gangni 14 Dhaka East Zone
7 Kalinath Rayer 5 ChandraBazar 2 Azadi Bazar 9 Hardi 1 Farashgonj
Bazar 6 Changarchar Bazar 3 Baroiar Hat 10 Jiban Nagar 2 Thatari Bazar
8 Khairhat 7 Farakkabad 4 Baradogar Hat 11 Kedargonj 3 Basaboo
9 Lalmohan 8 Hajigonj 5 Cadet College 12 Khashkarara Bazar 4 Dholairpar
10 WAPDA 9 Kachua 6 Colonel Hat 13 Meherpur 5 Faridabad
10 Khajuria Bazar 7 Durgapur 14 Mujibnagar 6 Hatkhola
4 Bogura Zone 11 Matlab Bazar 8 Fouzdar Hat 15 Radhakantapur 7 Jatrabari
12 Munshirhat 9 Hathazari Bazar 8 Kadamtali
1 Badurtola
13 Nandalalpur 10 Madambibir hat 9 Kamlapur
2 Chamrul
14 Narayanpur 11 Mirsarai 12 Cumilla Zone 10 Matuail
3 Chelopara
15 Natun Bazar 12 Madunaghat 1 BICIC 11 Narinda
4 Dupchanchia
16 Puran Bazar 13 Nazir Hat 2 Balutopa 12 Paridas Road
5 Ghoradaphat
17 Ramchandrapur 14 Quaish Burischar 3 Bataicori Bazar 13 Royshaheb Bazar
6 Mohasthangarh
Bazar 15 Samitirhat 4 Batakandi 14 Rayer Bag
7 Nishindara
18 Rupsha Bazar 16 Sitakundu 5 Burichang 15 S. S. College

Zonewise
List of Branches
16 Agamashi Lane 18 Feni Zone 3 Boktarpur 8 Jamuna Fertilizer 12 Jhumjhumpur

17 Central Law 1 Badamtoli 4 Dolan Bazar Factory 13 JSTU
College 2 Bairagirhat 5 DUET 9 Lahirikanda 14 Keshabpur
18 North South Road 3 Bashurhat 6 Ghagtia Chalar 10 Pingna 15 Nowapara
19 Rajuk Bhaban 4 Chhagalnaiya Bazar 11 Piyarpur 16 Protappur
5 Chowmuhani 7 Goshinga 12 Sarishabari 17 Pulerhat
15 Dhaka South Zone 6 Dagonbhuiyan 8 Kaoraid 13 Shahbazpur 18 Rail Bazar
1 Antrabarah 7 Deltagate 9 Kaliakoir 14 Station Road 19 Rajarhat
2 Babu Bazar 8 Feni 10 Kapasia 15 Bhimgonj Bazar 20 Shekh Hati
3 Becharam Dewri 9 Kamlapatty 11 Kashimpur 16 Kakorkandi 21 Monirampur
4 Begum Bazar 10 Kashipur Bazar 12 Mawna Bazar 17 Nandir Bazar 22 Auria
5 Chowdhury Bazar 11 Parshuram 13 Nagari 18 Nolitabhari 23 Bagharpara
6 Chowk Bazar 12 Senbag 14 Pagar 19 Nanni Bazar 24 Bhangura Bazar
7 Churain Bazar 13 Sonagazi 15 Rajabari 20 Sherpur 25 Gazirhat
8 Imamgonj 14 Subar Bazar 16 Sreepur 21 Tinnani Bazar 26 Jagania
9 Islampur 17 Tokenayan Bazar 22 Sribordi 27 Kalabaria
10 Jagannath 19 Faridpur Zone 18 Tongi 28 Kalia
University 1 Badarpur 26 Khulna North Zone 29 Lohagara
11 Joypara 2 Ahladipur 23 Gopalgonj Zone 1 Boyra Bazar 30 Narail
12 Narisha Bzar 3 Bhanga 1 Bangram Bazar 2 Daulatpur 31 Ratadanga
13 Nawabgonj (kalakopa) 4 Boalmari 2 Bhangarhat 3 Goal Para
14 Posta 5 Bus Stand 3 BSMRSTU 4 Jashore Road 28 Kishoregonj Zone
15 Mitfort Hospital 6 Charbhadrashan 4 Gopalgonj 5 K.D.A. New Market 1 Bazitpur
16 Zinzira 7 Faridpur 5 Jalirpar 6 Kazdia 2 Bhairab Bazar
17 Patiljhap Bazar 8 Ghurua 6 Jhutigram 7 Khalishpur 3 Charpumdi
18 Komargonj 9 Kalukhali 7 Kasiani 8 Moheswarpasha 4 Hossainpur
19 Kamrangirchar 10 Maligram 8 Kotalipara 9 Neval Base 5 Karimgonj
20 Nawabgonj Road 11 Nagarkanda 9 Mukshudpur 10 Fulbari Gate 6 Katiadi Bazar
12 Naliajamalpur 10 Poura Super 11 Fultola 7 Kishoregonj
16 Dhaka North Zone 13 Pangsha Market 12 Sheikhpara Bazar 8 Kuliarchar
1 BAF 14 Rajbari 11 Ramdia 13 Terokhada 9 Mirzapur
2 Badda 15 Sadarpur 12 Tungipara 14 Satrujitpur 10 Mothkhola
3 Farmgate 16 Shariatullah Bazar 13 Kaligonj 15 Bajua Bazar 11 Nikli
4 ICDDRB 17 Zila Parisad 16 Banargati Bazar 12 Pakundia
5 Kurmitola 18 Golarbazar 24 Jhenaidah Zone 17 Banka Bazar
6 Malibag 19. Zadunandi Bazar 1 Arpara 18 Batbunia Bazar 29 Kurigram Zone
7 Mirpur 2 Beroil Palita Bazar 19 Chuknagar 1 Bhitorbondhat
8 Mouchak 20 Joypurhat Zone 3 Bazar Gopalpur 20 Farajipara 2 Bhurungamari
9 Pallabi 1 Akkelpur 4 Bhaynarmor 21 Jaigir Mohal 3 Chilmari
10 Rampura TV 2 Awlai 5 Chaprail 22 Kapilmuni 4 Fulbari
11 Senpara 3 Chawk Barkat 6 Hajipur 23 Khanjahan Ali Road 5 Chourhash
12 Shewrapara 4 Joypurhat 7 Holidhani Bazar 24 Khulna Medical 6 Kurigram
13 New Eskaton 5 Girls Cadet College 8 Hamdah Bus Stand College & Hospital 7 Lalmonirhat
14 Panthpath 6 Kalai 9 Isakhada 25 Khulna University 8 Mission Mor
15 Shantinagar 7 Kushumba 10 Jhenaidah 26 Liakatnagar (Dada 9 Nageswari
8 Matrai 11 Kabirpur Bazar Match) 10 Nazimkhan
17 Dinajpur Zone 9 Panchbibi 12 Kaligonj 27 Rupsha Strand 11 Rajarhat
1 Amtoli 13 Kalishpur Bazar Road 12 Ulipur
2 Bhushir bandar 21 Gaibanda Zone 14 Kannadah 28 Shamsur Rahman 13 Tushbhandar
3 Birampur 1 Bonarpara 15 Kot Chadpur Road
4 Pulhat 2 Dholbhanga 16 Magura 30 Kushtia Zone
5 Phulbari 3 Fulcharighat 17 Sadhuhati 27 Jashore Zone 1 Allahar Dargah
6 Hakimpur 4 Gaibandha 18 Sreepur 1 Bazar 2 Kustia
7 Kamalpur hat 5 Kamarpara 19 Mohammadpur 2 Benapole Bazar 3 Baragangdia
8 Madilahat 6 Naldanga 3 Bimanghati 4 Bheramara
9 Maldahpatty 7 Panchpir Bazar 25 Jamalpur Zone 4 Doratana Road 5 Chourhash
10 Munshipara 8 Rasulpur 1 Balijuri Bazar 5 Dighalia Bazar 6 Daulatpur
11 Nawabgonj 9 Sadullapur 2 Bus Stnad 6 Godkhali Bazar 7 Gopalnagar Bazar
12 Parbatipur 10 Saghatta 3 Hazipur Bazar 7 Gonganandapur 8 Khalishakundi
13 Puratan Bazar 11 Sundargonj 4 Islampur Bazar 8 Hashimpur 9 Kumarkhali
14 Setabgonj 5 Jagannathgonj 9 Jashore 10 Mathurapur
15 Station Road 22 Gazipur Zone Ghat 10. Jashore Medical 11 Mazampur
16 Tajpurhat 1 Board Bazar 6 Jamalpur College 12 Mirpur
17 Birgonj 2 Bormi Bazar 7 Jamtoli Bazar 11 Jhikargacha 13 New Market

Zonewise
List of Branches
14 Panti 2 B. K. Road 2 Baburhat 5 Datterhat 45 Pirojpur Zone

15 Patikabari 3 Court Road 3 Chalakchar Bazar 6 Gopalpur Bazar 1 Bhandaria
16 Pragpur 4 Demra 4 Charsindur Bazar 7 hatiya 2 Kawkhali
17 S.C.B Road 5 Kalir Bazar 5 C & B Bazar 8 Joyag Bazar 3 Main Road
18 Shilaidah 6 Kanchan 6 Gangkulkandi 9 Maijdhee Cort 4 Mathbaria
19 Thanapara 7 Mirjumla Road 7 Manohordi 10 Nadana Bazar 5 Mirukhali
20 Ujangram 8 Shastapur 8 Musapur Bazar 11 Noakhali Science 6 Pererhat
9 Siddhirgonj Power 9 Narshingdi And 7 Zilla Parishad
31 Laxmipur Zone Station 10 Palash Bazar Technology University
1 Bhabanigonj 10 Sonargaon 11 Radhagonj 12 Sonaimuri 46 Rajshahi Zone
2 Chandragonj 11 Tanbazar 12 Shibpur 13 Zilla Board 1 Bazu Bagha
3 Dalal Bazar 13 Station Road 14 Subarnachar 2 Godagari
4 Dasherhat 35 Madaripur Zone 3 Baneshwar Bazar
5 Doshghoria 1 Barhamgonj 39 Natore Zone 43 Pabna Zone 4 Charghat
6 Khilpara Bazar 2 Damudya 1 Bagatipara 1 Abdul Hamid Road 5 Court Bazar
7 Laxmipur 3 Dicrirchar Hat 2 Chanchkoir Bazar 2 Ataikula 6 Horian
8 Mandari Bazar 4 Kalkini 3 Gopalpur 3 Atgharia 7 Laxmipur
9 Nagmud Bazar 5 Madaripur 4 Halsha 4 Bera 8 Malopara
10 Panpara Bazar 6 Mulfatgonj 5 Laxmikole 5 Baral Bridge 9 Nagar Bhaban
11 Raipur 7 Naria 6 Lokmanpur Bazar 6 Chatmohor 10 Nawhata
12 Ramgonj 8 New Market 7 Natore 7 College Gate 11 New Market
13 Ramgoti 9 Shariatpur 8 Natore Surgar Mill 8 Court Road 12 Puthia
14 Sompara 10 Takerhat 9 Nazirpur 9 Dashuria 13 Riaghati
15 Paniwala 11 Zajira 10 North Bengle 10 Dublia Bazar 14 Rajshahi
Sugar MIlls 11 H.M.M. Road Cantonment
32 Manikganj Zone 36 Mymensingh Zone 11 Quadirabad 12 Ishwardi 15 RDA Bhaban
1 Arichaghat 1 Atharobari Cantonment 13 Kashinathpur Bazar 16 Vadra
2 Basta Bus Stand 2 Bhaitkandi 12 Rajapur Hat 14 Mirzapur Hat 17 WAPDA (IRRI)
3 Bangladesh hat 3 Bhaluka 13 Singra 15 Muladuly 18 Wasa Bhaban
4 Boyra 4 Bidhyagonj Bazar 14 Station Road 16 Nagarbari Ghat
5 Charigram 5 C.K.Ghosh Road 17 Nazirgonj 47 Rangpur Zone
6 Jhitka Bazar 6 Chhoto Bazar 40 Netrokona Zone 18 Pushpaparahat 1 Alam Nagar
7 Krishnapur 7 Dhara Bazar 1 Barhatta 19 Rail Bazar 2 Badargonj
8 Manikganj 8 Gaffargaon 2 Birishiri 20 Ruppur 3 Bus Terminal Road
9 Manikganj Bus 9 Mymensingh Girls 3 Durgapur 21 Shibrampur 4 Central Road
Stand Cadet College 4 Fakirer Bazar 22 Shyamgonj Hat 5 Jaldhaka
10 Maniknagar 10 Kaligonj Bazar 5 Jhanjail 23 Sujanagar 6 Medical College
11 Saturia 11 Kashigonj 6 Kalmakanda 24 Shatbaria Bazar Hospital
12 Singair 12 Mechua Bazar 7 Kendua 25 Trimohoni 7 Nekmamud Hat
13 Medical Collage 8 Mohangonj 26 Saikola 8 Nilphamari
33 Moulvibazar Zone 14 Muktagacha 9 Netrokona 9 Pawtana Hat
1 Bhanugosh Bazar 15 Mymensingh 10 Purbadhala 44 Patuakhali Zone 10 Pirgachha
2 Bhukshimoil 16 Pagla Bazar 11 Rupgonj Bazar 1 Alipur Bandar 11 Rangpur Cadet
3 Giasnagar 17 Phulpur 12 Teasree Bazar 2 Bauphal College
4 Gopaya 18 Trisal 3 Dasmania 12 Rangpur Main
5 Hobigonj 41 Naogaon Zone 4 Golachipa 13 Sayedpur
6 Kailashgonj 37 Munshiganj Zone 1 Ahsangonj 5 Kanakdia 14 Sayedpur
7 Kotarkona 1 Baligaon Bazar 2 Aihai 6 Khepupara Cantonment
8 Karmadha 2 Dighirpar Bazar 3 Boalia 7 Kuakata 15 Shanerhat
9 Kulaura 3 Hasail Bazar 4 Bus Stand 8 Mirzagonj 16 Taraganj
10 Mostafapur 4 Hashara Bazar 5 Kashab 9 Nutan Bazar
11 Moulvibazar 5 Hossaindi Bazar 6 Mainamhat 10 New Market 48 Satkhira Zone
12 Munshi Bazar 6 Kalma Bazar 7 Matajeehat 11 Patuakhali Science 1 Bangshipur Bus
13 Nabigonj 7 Kolapara Bazar 8 Naogaon & Technology Stand
14 Fultala Bazar 8 Mirkadim 9 Nithpur University 2 Bhetkhali
15 Rabir Bazar 9 Muktarpur 10 Patnitola 12 Puran Bazar 3 Debhata
16 Shayestagonj 10 Munshigonj 11 Porsha 13 Amtali 4 Gazir hat
17 Sindurkhan Bazar 11 Munshirhat 12 Sapahar 14 Barguna 5 Moutala
18 Sreemongal 12 Ramgopalpur 15 Betagi 6 Sundarban
19 Habiganj Industrial 13 Simpara Bazar 42 Noakhali Zone 16 Gazipur Hat 7 Nurnagar
Park 14 Sreenagar 1 Amishapara 17 Kakchira 8 Patkelghata
2 Badalkot Bazar 18 Pathar Ghata 9 Satkhira
34 Narayangonj Zone 38 Narshingdi Zone 3 Bazra Bazar 19 Taltali bazar 10 Shyamnagar
1 Araihazar 1 Amirganj 4 Chatkhil 20 Payra Banda [Palli Branch)

Zonewise
List of Branches
49 Sirajgonj Zone 50 Sylhet East Zone 51 Sylhet West Zone 52 Tangail Zone 20 Nalua Bazar
1 Bahuli 1 Bandar Bazar 1 Ambari Bazar 1 Aishara 21 Sakhipur Bazar
2 Beltail 2 Beani Bazar 2 Ambarkhana 2 Basail 22 Sheikh Hasina
3 Brammagachha 3 Chawk Bazar 3 Bairagir Bazar 3 Bhuyapur Medical College
4 Chandaikona 4 Dewal Bazar 4 Balagonj 4 Chapri Bazar 23 Salimabad
5 Dhubil 5 Dhaka Dokhin 5 Biswanath 5 Deldhoar 24 Suruj Bazar
6 Enayetpur 6 Fenchugonj 6 Boaljur Bazar 6 Dhuburia 25 Tangail
7 Ghurka 7 Gasbari Bazar 7 Chhatak 7 Ghatail 26 Warshi
8 Kalibari 8 Godown Bazar 8 Derai 8 Gopalpur 27 Dhanbari Branch
9 Belkuchi 9 Golapgong 9 Duara Bazar 9 Hemnagar
10 New Market 10 Hetimgonj 10 Goala Bazar 10 Zamurki 53 Thakurgaon Zone
11 Nimgachhi 11 Jalalpur Bazar 11 Haripur Gas Field 11 Kanchanpur 1 Chaklahat
12 Pangashi Hat 12 Kamal Bazar 12 Kaligonj Bazar 12 Karatia 2 Horipur
13 Porjana Vatpara 13 Kuchai 13 Kazir Bazar 13 Kawaljani 3 Jagodalhat
14 Raigonj 14 Mathiura (Eidgah) 14 Lala Bazar 14 Madhupur 4 Mirzapur
15 S. S. Road 15 Ramdha Bazar 15 Salutikar Bazar 15 Mirzapur 5 Munshirhat
16 Shahjadpur 16 Saraker Bazar 16 Subid Bazar 16 Mirzapur Cadet 6 Panchagar
17 Sameshpur 17 Shahgoli Bazar 17 Sunamganj College 7 Pirgonj
18 Station Road 18 Shibgonj 18 Umarpur Bazar 17 Mohera 8 Shalbahanhat
19 Talgachhi Bazar 19 Station Road 19 Zaflong 18 Mymensingh Road 9 Thakurgaon
20 Ullapara 20 Zinda Bazar 19 Nagarpur 10 Tunirhat


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Agrani Annual Report 2021

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7KH3DGPD%ULGJHLVWKHDFFHOHUDWRURI

Subject: Annual Report for the year ended on 31 December, 2021.

We are pleased to enclose a copy of the Annual Report 2021

Mohammad Shams-Ul Islam

i) To apprise the minutes of the 14th Annual General Meeting held

ii) To receive, consider and adopt the Audited Financial

iii) To elect /re-elect Directors;

v) To transact any other related business with the permission of the

By Order of the Board of Directors

S.M. Tauhide Rabbani

6-71 About Agrani Bank Limited 7

228-379 Independent Auditors’ Report 229-236

ACCOUNTS OF SUBSIDIARY COMPANIES

380-426 Agrani Remittance House Sdn. Bhd., Malaysia 401-412

Figures shown in million BDT

ABL provides its corporate, SME

OUR NETWORK Controlling

Business Code Human Capital

2021 Zonal Office

Masih Muhith Haque & Co.

General GM for Divisions of the Head Office

DGM for Divisions of the

AGM for Divisions of the

SeniorPrincipal Officer/ Clerical &

Import 16 60 77 60 76 190 208 279 282 284 315 502

Export 16 29 37 39 90 100 102 131 133 141 231 289

Authorised Capital 15 15 15 15 15 15 800 800 800 800 800 800

Equity 7 10 10 11 12 12 116 116 116 278 278 278

Operating Profit 17 32 28 18 13 1 2 0.02 0.04 0.64 1 1

Net Profit 17 32 28 18 13 1 2 0.02 0.04 0.64 1 1

Classified Loans 660 736 867 930 1230 1292 1620

Operating Profit 1 1 1 1 59 24 30 26 -75 214 358 526 633

2009-2021 (BDT in Crore)

M. Fazlur Rahman Atauddin Khan

Abdur Rahman Biswas H. T. Imam

CHAIRMEN AND Prof. M. Safiullah Md. Matiur Rahman

SINCE INCEPTION Mir Ataul Haque Khandker Dr. Sohrabuddin

Imamuddin Ahmad Chaudhury M. Ahsanul Haque

Mohd. Faizullah Sayed Mushtak (Acting)

L.K. Siddiqi Md. Fazlur Rahman

M. Hafizuddin Khan(Acting) S. M. Jahurul Islam

Dr. Fashiuddin Mahtab Siddiqur Rahman Choudhury

Siddiqur Rahman Choudhury

Dr. Khondoker Bazlul Haque

Chairmen of the Board Arastoo Khan (Acting)

M. Fazlur Rahman A. Q. Siddiqui

Lutfar Rahman Sarkar Khondoker Ibrahim Khaled

Humyun Hamid (Acting) Mosharraf Hossain AGRANI BANK LIMITED

March 17, 2020 is the 100th Birth Anniversary of the

Dedicated to the Father of the Nation

Mohammad Shams-Ul Islam, MD & CEO of the Agrani

The building to be constructed by Agrani Bank

A mural of Bangabandhu Sheikh Mujibur Rahman titled

Bangabandhu, to make Receipient Receives

remittance service more Next

efficient and convenient for

Power Generation Landmark

Bangabandhu Sheikh Mujibur Rahman

Dr. Zaid Bakht

Biswajit Bhattacharya Khokon, ndc

Mafiz Uddin Ahmed

K.M.N. Manjurul Hoque Labloo

Khondker Fazle Rashid

Md. Shahadat Hossain, FCA